Mumbai is the world's most expensive city
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Knight Frank LLP, an international property consultancy, recently conducted a study on how many years worth of earnings would it take for an average citizen to buy a 100-square-metre luxury or a high-end apartment in the world's most important cities. These numbers are according to an analysis of real estate and wages.
So, find out which are the least affordable cities in the world.
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Photographs: Adeel Halim/Reuters
Mumbai is the world's most expensive city
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Mumbai
Ranking: 1
Number of years an average citizen would take to buy a luxury apartment: 308.1
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Image: Mumbai skyline
Photographs: Punit Paranjpe/Reuters
Mumbai is the world's most expensive city
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Shanghai
Ranking: 2
Number of years an average citizen would take to buy a luxury apartment: 233.3
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Image: Shanghai's new financial district skyline along the Huang Pu river
Photographs: Shanghai Pacific Institute for International Strategy/Handout/Reuters
Mumbai is the world's most expensive city
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Moscow
Ranking: 3
Number of years an average citizen would take to buy a luxury apartment: 143.7
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Image: St Basil's Cathedral is pictured in Moscow's Red Square
Photographs: /Mikhail Voskresensky/Reuters
Mumbai is the world's most expensive city
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London
Ranking: 4
Number of years an average citizen would take to buy a luxury apartment: 136.2
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Image: An aerial view shows Tower Bridge in London
Photographs: Stefan Wermuth/Reuters
Mumbai is the world's most expensive city
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Hong Kong
Ranking: 5
Number of years an average citizen would take to buy a luxury apartment: 96.4
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Image: The eighty-eight storey high Two IFC, the highest building in Hong Kong
Photographs: Reuters
Mumbai is the world's most expensive city
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Paris
Ranking: 6
Number of years an average citizen would take to buy a luxury apartment: 77.7
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Photographs: Gonzalo Fuentes/Reuters
Mumbai is the world's most expensive city
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Geneva
Ranking: 7
Number of years an average citizen would take to buy a luxury apartment: 73.5
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Image: Rue Bellot area in Geneva.
Photographs: Reuters
Mumbai is the world's most expensive city
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Bangkok
Ranking: 8
Number of years an average citizen would take to buy a luxury apartment: 67
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Image: Emerald Buddha Temple in Bangkok
Photographs: Chaiwat Subprasom/Reuters
Mumbai is the world's most expensive city
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Jakarta
Ranking: 9
Number of years an average citizen would take to buy a luxury apartment: 61.7
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Image: Jakarta's Welcome Statue fountain
Photographs: Supri/Reuters
Mumbai is the world's most expensive city
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Rome
Ranking: 10
Number of years an average citizen would take to buy a luxury apartment: 60.1
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Image: Rome's ancient Colosseum
Photographs: Alessandro Bianchi/Reuters
Mumbai is the world's most expensive city
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Sydney
Ranking: 11
Number of years an average citizen would take to buy a luxury apartment: 54.9
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Image: The famous Bondi beach
Photographs: Daniel Munoz/Reuters
Mumbai is the world's most expensive city
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Cape Town
Ranking: 12
Number of years an average citizen would take to buy a luxury apartment: 54.6
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Photographs: Mark Wessels/Reuters
Mumbai is the world's most expensive city
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New York (Manhattan)
Ranking: 13
Number of years an average citizen would take to buy a luxury apartment: 48.4
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Image: Manhattan skyline
Photographs: Lucas Jackson/Reuters
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