Beijing is the least affordable place to rent in the world, according to a new report from the Global Cities Business Alliance.
根据“全球城市商业联盟”最近的调查报告显示:北京房租负担排名全球首位。
The London-based not-for-profit organisation compared major business cities around the world to assess the scale of the housing crisis in each, looking at the average monthly rental cost and the average annual share of net earnings from 2015.
Renters in Beijing spend an average of pounds550 ($789) on rent each month, which is a staggering 122.9% of the average person’s salary. It’s no wonder that the average daily commute in Beijing is 104 minutes long per round trip.
Residents of Abu Dhabi — the second most expensive city in the ranking — pay a hefty pounds1,714 ($2,460), or 69.5% of their salary, on rent. In third place, Hong Kong costs renters pounds1,345 ($1,930), which eats up 64% of their monthly paycheque.
"Big cities like Beijing are victims of their own success," Lesley Saville, CEO of the GCBA, said in a press release. "Rapid growth has magnetised workers, but they now need to deliver enough houses so that workers enjoy living there."
The least expensive monthly average rent can be found in Mexico City, with an average monthly rent of pounds268 ($385), followed by Sao Paulo, where rent costs pounds335 ($480). However, the GCBA’s report found that even in the cheapest cities, rent is increasing rapidly. For example, Mexico City’s rent has gone up by 44.2% since 2009.
Despite having the cheapest rent, Mexico City also had the longest average commute in the cities studied, running up to 113 minutes.
并且虽然墨西哥城的租金最低,它的通勤时长却排到全球首位,平均往返时间为113分钟。
"The wealthiest workers will always be able to afford to live in the biggest cities, but the danger is that talented workers starting their careers in many sectors will find themselves priced out," Saville said in the press release.
“最富有的员工总是住得起大城市,但危险的是在许多行业,刚参加工作的优秀员工发现他们负担不起房租。”
Here are the 15 cities included in the report, ranked from most to least affordable, along with the average monthly rental cost and the average percentage of earnings spent on rent: