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Property ladder: the most and least affordable housing markets in the world revealed

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Analyzing data from 406 metropolitan housing markets across nine countries, the 13th Annual Demographia International Housing Affordability Survey has revealed the most and least affordable housing markets.

Taking figures from the third quarter of 2016, the Demographia report has used the Word Bank methodology of ranking each markets' "median multiple." This is calculated by dividing the median house price by the median gross annual household income.

Here’s a look at the most unaffordable housing markets in the world…

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