Housing affordability and its impact on middle-income households worldwide is emerging as a major concern throughout the developed world. According to the London-based consultancy Knight Frank, housing prices in the world's largest cities rose by 3 percent on average during the last year. The strongest growth was observed in Turkey where average housing prices increased by 18 percent in the last year. In contrast, across the Black Sea in the Ukraine, property prices declined by 12 percent last year. The US house price index published by the Federal Reserve Bank of St. Louis shows a similar increase in property prices, disrupted only by the global recession in 2008-09.
Aside from property prices, household incomes and lending rates in a country also affect the affordability of housing. As a result, a variety of indicators investigating the affordability of property have emerged:
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In 2016, Germany, Thailand, and Hong Kong were the top destinations for international travelers while China and the United States accounted for roughly one-third of total tourism expenditures worldwide, according to the World Tourism Organization. But, as people typically visit specific cities within a country, and not the entire country, it is far more interesting to examine city-level tourism statistics. The Global Destination Cities Index, which includes city-level data on the number of overnight international visitors and their spending, reveals that Bangkok attracted the most visitors in 2016, with nearly 21.5 million visitors...
Millennials are marked for their affinity with media and digital technologies and the consequent positive effect on policy and economy of cities they live in. The migration of individuals of this generation is thus of high interest to everyone from city planners and real estate agents to corporations with long supply chains to recalibrate to the demands of evolving city demographics.Millennials—those aged 17-37 years, i.e. born between the early 1980s to early 2000s—constitute roughly one-third of the world's population, or 2.5 billion people.Individuals from this generation tend to move more often than other generations, a tendency...
An urban agglomeration is an extended city or town area comprising the built-up area of a central place (usually a municipality) and any suburbs linked by continuous urban area. According to United Nations, Tokyo will be the largest city in 2025 with 38196.68 thousand inhabitants. The top 5 countries also includes Delhi, Shanghai, Mexico City, New York - Newark.
Make better educated travel decisions with the price index series presented in today's Viz of the Day. The figures highlight common travel-related expenditures, ranging from accommodation, transportation, and urban transit to beer and soccer, and may well help individual travelers to better gauge the relative cost of travel to their destinations of choice. See also: Transportation Price Index | Beer Price Index Source: GoEuro