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10. Bournemouth & Dorset, U.K.

The area of Bournemouth & Dorset topped London in severe unaffordability. It has a median multiple of 8.9 and has the world’s second worst housing bubble risk according to The UBS Global Real Estate Bubble Index.
(bazzadarambler/Creative Commons)

These are the 10 most expensive cities to live in

Iman Sheikh

When you think of unaffordable housing, the cities that spring to mind aren’t necessarily the most expensive ones in reality. In the 13th Annual Demographia International Housing Affordability Survey: 2017, some surprising culprits pop up from the 406 metropolitan housing markets studied in the third quarter of 2016.

The rankings are calculated using the mean multiple method; house price divided by the median household income. Here are the top 10 most “severely unaffordable” housing markets.