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Mumbai is the world's most expensive city
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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Mumbai is the world's most expensive city
Mumbai
Ranking: 1
Number of years an average citizen would take to buy a luxury apartment: 308.1
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Mumbai is the world's most expensive city
Shanghai
Ranking: 2
Number of years an average citizen would take to buy a luxury apartment: 233.3
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Mumbai is the world's most expensive city
Moscow
Ranking: 3
Number of years an average citizen would take to buy a luxury apartment: 143.7
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Mumbai is the world's most expensive city
London
Ranking: 4
Number of years an average citizen would take to buy a luxury apartment: 136.2
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Mumbai is the world's most expensive city
Hong Kong
Ranking: 5
Number of years an average citizen would take to buy a luxury apartment: 96.4
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Mumbai is the world's most expensive city
Paris
Ranking: 6
Number of years an average citizen would take to buy a luxury apartment: 77.7
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Mumbai is the world's most expensive city
Geneva
Ranking: 7
Number of years an average citizen would take to buy a luxury apartment: 73.5
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Mumbai is the world's most expensive city
Bangkok
Ranking: 8
Number of years an average citizen would take to buy a luxury apartment: 67
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Mumbai is the world's most expensive city
Jakarta
Ranking: 9
Number of years an average citizen would take to buy a luxury apartment: 61.7
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Mumbai is the world's most expensive city
Rome
Ranking: 10
Number of years an average citizen would take to buy a luxury apartment: 60.1
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Mumbai is the world's most expensive city
Sydney
Ranking: 11
Number of years an average citizen would take to buy a luxury apartment: 54.9
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Mumbai is the world's most expensive city
Cape Town
Ranking: 12
Number of years an average citizen would take to buy a luxury apartment: 54.6
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Mumbai is the world's most expensive city
New York (Manhattan)
Ranking: 13
Number of years an average citizen would take to buy a luxury apartment: 48.4
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Mumbai is the world's most expensive city
Singapore
Ranking: 14
Number of years an average citizen would take to buy a luxury apartment: 42.7