Pursuits
Hong Kong Is World’s Costliest Place to Buy Homes
This article is for subscribers only.
Hong Kong is the world’s most expensive place to buy a home because of a shortage of properties on the market, according to a study of the top four cities by Savills Plc.
Hong Kong is 55 percent more expensive than London, based on an index published today by the property broker that compares the U.K. capital with the other cities. Moscow is 7.4 percent more expensive than London and New York is 15 percent cheaper.