Asia: Property Prices Index by City 2023 Mid-Year

Chart: Price to Income Ratio
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Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Shanghai, China 50.1 1.5 1.5 64.5 65.9 392.5 0.3
Shenzhen, China 42.6 1.1 1.2 95.1 81.3 332.6 0.3
Hong Kong, Hong Kong (China) 42.1 1.7 1.7 59.0 58.2 275.9 0.4
Beirut, Lebanon 41.8 5.0 5.8 20.1 17.1 505.3 0.2
Suzhou, China 41.3 2.1 2.3 46.8 42.7 327.5 0.3
Manila, Philippines 40.8 3.4 2.5 29.6 40.0 408.6 0.2
Guangzhou, China 37.4 1.1 1.4 93.4 70.3 292.7 0.3
Colombo, Sri Lanka 36.6 4.6 2.7 21.7 37.3 696.1 0.1
Beijing, China 35.6 1.5 1.7 64.6 57.8 275.7 0.4
Ho Chi Minh City, Vietnam 35.4 2.7 3.7 36.6 27.0 395.8 0.3
Kathmandu, Nepal 34.8 2.3 2.8 43.4 35.9 501.5 0.2
Tehran, Iran 32.0 5.2 6.1 19.2 16.5 715.7 0.1
Bangkok, Thailand 31.3 3.2 3.4 31.0 29.4 264.0 0.4
Phnom Penh, Cambodia 30.5 6.0 5.2 16.6 19.2 353.5 0.3
Mumbai, India 29.8 2.4 2.9 40.9 34.4 311.7 0.3
Hangzhou, China 29.0 1.6 1.8 62.6 55.9 230.6 0.4
Taipei, Taiwan 28.7 1.1 1.6 92.6 63.8 169.5 0.6
Seoul, South Korea 27.7 1.2 1.4 86.2 72.5 202.3 0.5
Nanjing, China 25.3 1.6 1.8 61.5 55.7 193.1 0.5
Macao, Macao (China) 23.3 1.8 2.2 54.4 44.6 145.8 0.7
Jakarta, Indonesia 22.5 4.7 5.7 21.1 17.5 245.7 0.4
Tel Aviv-Yafo, Israel 22.3 2.2 2.4 45.4 41.3 165.3 0.6
Isfahan (Esfahan), Iran 20.6 6.3 12.4 16.0 8.0 493.8 0.2
Jerusalem, Israel 20.3 2.4 2.4 41.9 41.6 153.3 0.7
Jaipur, India 19.4 2.0 3.3 50.9 30.0 200.7 0.5
Mashhad, Iran 19.1 5.3 5.4 19.0 18.6 375.5 0.3
Taichung, Taiwan 19.1 1.9 2.6 53.8 38.4 112.1 0.9
Chengdu, China 18.4 2.2 2.2 45.5 45.7 145.7 0.7
Hanoi, Vietnam 18.4 3.6 3.6 27.8 28.0 222.5 0.4
Istanbul, Turkey 18.4 5.6 6.7 17.8 14.9 465.7 0.2
Ulaanbaatar, Mongolia 18.1 7.0 8.3 14.3 12.0 163.2 0.6
Yerevan, Armenia 17.8 8.4 12.0 11.9 8.3 244.7 0.4
Karachi, Pakistan 17.3 3.8 4.4 26.2 22.8 306.0 0.3
Baghdad, Iraq 15.8 4.6 5.8 21.7 17.2 163.1 0.6
Singapore, Singapore 15.7 4.1 4.4 24.6 22.6 109.0 0.9
Ramat Gan, Israel 15.4 3.1 3.7 32.2 26.7 109.8 0.9
Dhaka, Bangladesh 15.0 3.2 3.7 31.6 27.3 174.1 0.6
Antalya, Turkey 14.8 7.4 11.3 13.5 8.9 280.8 0.4
Baku, Azerbaijan 14.6 5.7 6.3 17.5 15.8 160.0 0.6
Kaohsiung, Taiwan 14.5 1.8 2.9 54.2 34.8 90.3 1.1
Bandung, Indonesia 14.0 4.6 5.4 21.7 18.4 158.3 0.6
Tbilisi, Georgia 13.9 10.8 12.8 9.3 7.8 179.6 0.6
Delhi, India 13.9 2.5 3.4 39.3 29.5 143.6 0.7
Bishkek, Kyrgyzstan 13.8 9.4 9.2 10.7 10.9 237.8 0.4
Almaty, Kazakhstan 13.7 9.2 9.0 10.9 11.1 216.2 0.5
Tashkent, Uzbekistan 13.0 10.1 11.9 9.9 8.4 282.3 0.4
Kuwait City, Kuwait 12.9 3.0 5.1 33.2 19.8 108.4 0.9
Lahore, Pakistan 12.7 4.7 5.0 21.5 20.0 198.6 0.5
Tokyo, Japan 12.4 3.0 3.0 33.3 32.9 71.9 1.4
Izmir, Turkey 11.8 6.0 6.7 16.8 14.9 260.3 0.4
Chittagong, Bangladesh 10.8 3.5 4.0 29.0 25.0 116.3 0.9
Chennai, India 10.8 2.6 4.0 39.1 24.9 110.9 0.9
Eskisehir, Turkey 10.7 4.4 4.2 22.6 23.8 230.2 0.4
Batumi, Ajara, Georgia 10.7 9.2 11.3 10.9 8.9 152.3 0.7
Ankara, Turkey 10.4 7.3 7.6 13.7 13.2 226.1 0.4
Kolkata, India 10.2 3.2 3.8 31.6 26.0 106.3 0.9
HsinChu, Taiwan 9.1 1.9 2.0 53.3 51.1 52.6 1.9
Kayseri, Turkey 9.1 5.2 5.0 19.2 20.0 217.2 0.5
Penang, Malaysia 9.0 4.5 5.4 22.1 18.4 62.6 1.6
Haifa, Israel 9.0 3.0 3.0 33.3 32.9 66.1 1.5
Limassol, Cyprus 8.8 10.0 10.7 10.0 9.4 61.3 1.6
Indore, India 8.5 2.6 3.2 38.9 30.8 91.8 1.1
Astana (Nur-Sultan), Kazakhstan 8.4 8.6 8.5 11.7 11.8 134.5 0.7
Amman, Jordan 8.3 5.8 7.2 17.4 13.8 80.5 1.2
Ahmedabad, India 8.3 7.7 11.5 13.0 8.7 84.4 1.2
Petaling Jaya, Malaysia 8.2 4.0 5.5 25.0 18.0 62.5 1.6
Kuala Lumpur, Malaysia 8.2 4.2 5.2 23.9 19.4 58.2 1.7
Bursa, Turkey 7.8 6.9 5.6 14.5 17.7 181.1 0.6
Gurgaon, India 7.4 3.5 4.0 28.8 25.1 77.4 1.3
Nicosia, Cyprus 7.3 5.6 6.4 17.9 15.7 48.7 2.1
Hyderabad, India 7.0 4.0 4.2 25.3 23.6 73.8 1.4
Lucknow (Lakhnau), India 6.9 3.8 5.5 26.6 18.3 72.3 1.4
Sharjah, United Arab Emirates 6.8 7.2 6.9 13.9 14.5 51.4 1.9
Pune, India 6.7 3.3 3.8 29.9 26.5 69.7 1.4
Larnaca, Cyprus 6.6 9.5 9.9 10.5 10.1 43.5 2.3
Doha, Qatar 6.0 8.4 6.7 11.9 14.9 43.6 2.3
Ramallah, Palestine 6.0 9.0 9.1 11.1 10.9 54.4 1.8
Abu Dhabi, United Arab Emirates 5.3 8.3 6.8 12.0 14.6 42.8 2.3
Bangalore, India 4.8 4.0 5.0 25.3 20.1 51.9 1.9
Muscat, Oman 4.1 7.8 8.3 12.9 12.0 32.0 3.1
Manama, Bahrain 4.1 10.3 11.3 9.7 8.9 39.3 2.5
Dubai, United Arab Emirates 3.5 11.1 11.0 9.0 9.1 25.5 3.9
Riyadh, Saudi Arabia 3.2 11.0 10.9 9.1 9.2 23.4 4.3
Jeddah (Jiddah), Saudi Arabia 3.1 7.9 8.2 12.6 12.2 23.2 4.3
Ad Dammam, Saudi Arabia 2.7 6.7 5.6 14.9 17.8 18.8 5.3