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Mumbai is the world's most expensive city

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


Photographs: Adeel Halim/Reuters

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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Tags: LLP

Mumbai is the world's most expensive city

Image: Mumbai skyline
Photographs: Punit Paranjpe/Reuters

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

Image: Shanghai's new financial district skyline along the Huang Pu river
Photographs: Shanghai Pacific Institute for International Strategy/Handout/Reuters

Shanghai

Ranking: 2

Number of years an average citizen would take to buy a luxury apartment: 233.3

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Tags: , Shanghai

Mumbai is the world's most expensive city

Image: St Basil's Cathedral is pictured in Moscow's Red Square
Photographs: /Mikhail Voskresensky/Reuters

Moscow

Ranking: 3

Number of years an average citizen would take to buy a luxury apartment: 143.7

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Tags: , Moscow

Mumbai is the world's most expensive city

Image: An aerial view shows Tower Bridge in London
Photographs: Stefan Wermuth/Reuters

London

Ranking: 4

Number of years an average citizen would take to buy a luxury apartment: 136.2

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Tags: , London

Mumbai is the world's most expensive city

Image: The eighty-eight storey high Two IFC, the highest building in Hong Kong
Photographs: Reuters

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


Photographs: Gonzalo Fuentes/Reuters

Paris

Ranking: 6

Number of years an average citizen would take to buy a luxury apartment: 77.7

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Tags: , Paris

Mumbai is the world's most expensive city

Image: Rue Bellot area in Geneva.
Photographs: Reuters

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

Image: Emerald Buddha Temple in Bangkok
Photographs: Chaiwat Subprasom/Reuters

Bangkok

Ranking: 8

Number of years an average citizen would take to buy a luxury apartment: 67

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Tags: , Bangkok

Mumbai is the world's most expensive city

Image: Jakarta's Welcome Statue fountain
Photographs: Supri/Reuters

Jakarta

Ranking: 9

Number of years an average citizen would take to buy a luxury apartment: 61.7

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Tags: , Jakarta

Mumbai is the world's most expensive city

Image: Rome's ancient Colosseum
Photographs: Alessandro Bianchi/Reuters

Rome

Ranking: 10

Number of years an average citizen would take to buy a luxury apartment: 60.1

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Tags: , Rome

Mumbai is the world's most expensive city

Image: The famous Bondi beach
Photographs: Daniel Munoz/Reuters

Sydney

Ranking: 11

Number of years an average citizen would take to buy a luxury apartment: 54.9

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Tags: , Sydney

Mumbai is the world's most expensive city


Photographs: Mark Wessels/Reuters

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

Image: Manhattan skyline
Photographs: Lucas Jackson/Reuters

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


Photographs: Reuters

Singapore

Ranking: 14

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

Tags: Singapore