The company made a rating of Demographia housing affordability in the English-speaking countries. First place went to Australian residential real estate market.
By the third quarter 2010 cost of a home in Australia on average 6.1 times the average annual income of property owners. In second place was New Zealand (5.3 years' income), the third - UK (5,2)
According to research, experts have recognized the most affordable housing in the United States. Price of a home where the average is three annual household income.
As noted with reference to the expert agency Bloomberg, the average price of housing in Australia in early November last year amounted to 454 thousand dollars. In the United States in December 2010 this figure stood at 168.8 thousand dollars.
Among the cities the most overrated in the English speaking world, analysts have called Hong Kong, where annual household income on average 11.4 times less than that required to buy a house. The most affordable housing is located in Atlanta (USA) - the cost of housing there is an average of 2.3 annual family income.
According to analysts, the least affordable housing markets are characterized by strict regulation of the land, which increases the price of land.