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Mumbai is the world's most expensive city

Last updated on: April 16, 2012 11:29 IST

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
Tags: LLP

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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
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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
Tags: , Shanghai

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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
Tags: , Moscow

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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
Tags: , London

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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
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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
Tags: , Paris

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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
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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
Tags: , Bangkok

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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
Tags: , Jakarta

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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
Tags: , Rome

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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
Tags: , Sydney

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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
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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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Singapore

Ranking: 14

Number of years an average citizen would take to buy a luxury apartment: 42.7


Photographs: Reuters
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