Friday, April 15, 2011

Demographia 7th Annual Survey: Portland "Seriously Unaffordable" When Compared To Rest of World

The 7th Annual Demographia International Housing Affordability Survey shows some sobering data for the Portland housing market when compared to 88 other major cities in Australia, Canada, Ireland, New Zealand, the UK, US, and China.

"Among these major metropolitan markets, there were 20 affordable major markets, 25 moderately unaffordable major markets, 13 seriously unaffordable major markets and 24 severely unaffordable major markets.

All of the affordable major markets were in the United States while three of the moderately unaffordable markets were in Canada, with the other 22 being in the United States. The seriously unaffordable markets were concentrated in the United Kingdom and the United States."

Read all 52 pages from Demographia.