Facebook
TwitterIn 2020, Hong Kong had the most expensive residential property market worldwide, with an average property price of 1.25 million U.S. dollars. The government of Hong Kong provide public housing for lower-income residents and almost 45 percent of the Hong Kong population lived in public permanent housing in 2018.
Facebook
TwitterThe median sales price of the existing privately owned single-family homes in the United States increased slightly in 2024. The most expensive homes were found in San Jose-Sunnyvale-Santa Clara, CA, where the median sales price was *** million U.S. dollars. Hawaii and Delaware experienced the strongest home appreciation.
Facebook
TwitterGeneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.
Facebook
Twitterhttps://creativecommons.org/publicdomain/zero/1.0/https://creativecommons.org/publicdomain/zero/1.0/
The dataset contains 2000 rows of house-related data, representing various features that could influence house prices. Below, we discuss key aspects of the dataset, which include its structure, the choice of features, and potential use cases for analysis.
The dataset is designed to capture essential attributes for predicting house prices, including:
Area: Square footage of the house, which is generally one of the most important predictors of price. Bedrooms & Bathrooms: The number of rooms in a house significantly affects its value. Homes with more rooms tend to be priced higher. Floors: The number of floors in a house could indicate a larger, more luxurious home, potentially raising its price. Year Built: The age of the house can affect its condition and value. Newly built houses are generally more expensive than older ones. Location: Houses in desirable locations such as downtown or urban areas tend to be priced higher than those in suburban or rural areas. Condition: The current condition of the house is critical, as well-maintained houses (in 'Excellent' or 'Good' condition) will attract higher prices compared to houses in 'Fair' or 'Poor' condition. Garage: Availability of a garage can increase the price due to added convenience and space. Price: The target variable, representing the sale price of the house, used to train machine learning models to predict house prices based on the other features.
Area Distribution: The area of the houses in the dataset ranges from 500 to 5000 square feet, which allows analysis across different types of homes, from smaller apartments to larger luxury houses. Bedrooms and Bathrooms: The number of bedrooms varies from 1 to 5, and bathrooms from 1 to 4. This variance enables analysis of homes with different sizes and layouts. Floors: Houses in the dataset have between 1 and 3 floors. This feature could be useful for identifying the influence of multi-level homes on house prices. Year Built: The dataset contains houses built from 1900 to 2023, giving a wide range of house ages to analyze the effects of new vs. older construction. Location: There is a mix of urban, suburban, downtown, and rural locations. Urban and downtown homes may command higher prices due to proximity to amenities. Condition: Houses are labeled as 'Excellent', 'Good', 'Fair', or 'Poor'. This feature helps model the price differences based on the current state of the house. Price Distribution: Prices range between $50,000 and $1,000,000, offering a broad spectrum of property values. This range makes the dataset appropriate for predicting a wide variety of housing prices, from affordable homes to luxury properties.
3. Correlation Between Features
A key area of interest is the relationship between various features and house price: Area and Price: Typically, a strong positive correlation is expected between the size of the house (Area) and its price. Larger homes are likely to be more expensive. Location and Price: Location is another major factor. Houses in urban or downtown areas may show a higher price on average compared to suburban and rural locations. Condition and Price: The condition of the house should show a positive correlation with price. Houses in better condition should be priced higher, as they require less maintenance and repair. Year Built and Price: Newer houses might command a higher price due to better construction standards, modern amenities, and less wear-and-tear, but some older homes in good condition may retain historical value. Garage and Price: A house with a garage may be more expensive than one without, as it provides extra storage or parking space.
The dataset is well-suited for various machine learning and data analysis applications, including:
House Price Prediction: Using regression techniques, this dataset can be used to build a model to predict house prices based on the available features. Feature Importance Analysis: By using techniques such as feature importance ranking, data scientists can determine which features (e.g., location, area, or condition) have the greatest impact on house prices. Clustering: Clustering techniques like k-means could help identify patterns in the data, such as grouping houses into segments based on their characteristics (e.g., luxury homes, affordable homes). Market Segmentation: The dataset can be used to perform segmentation by location, price range, or house type to analyze trends in specific sub-markets, like luxury vs. affordable housing. Time-Based Analysis: By studying how house prices vary with the year built or the age of the house, analysts can derive insights into the trends of older vs. newer homes.
Facebook
TwitterIn the United States, Hawaii was the state with the most expensive housing, with the typical value of single-family homes in the 35th to 65th percentile range exceeding ******* U.S. dollars. Unsurprisingly, Hawaii also ranked top as the state with the highest cost of living. Meanwhile, a property was the least expensive in West Virginia, where it cost under ******* U.S. dollars to buy the typical single-family home. Single-family home prices increased across most states in the United States between December 2023 and December 2024, except in Louisiana, Florida, and the District of Colombia. According to the Federal Housing Association, house appreciation in 13 states exceeded **** percent in 2023.
Facebook
Twitterhttps://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The Canadian housing market, particularly in major urban centers, has experienced a prolonged period of rapid price appreciation, driven by factors such as low interest rates, strong population growth, and limited supply. According to the Canada Mortgage and Housing Corporation (CMHC), the national average house price rose by more than 50% between 2020 and 2022, with prices in some major cities, such as Toronto and Vancouver, increasing by even more. This rapid price growth has made it increasingly difficult for many Canadians to afford a home, especially in the country's most desirable markets. However, the Canadian housing market is starting to show signs of cooling in 2023, as rising interest rates and stricter mortgage lending rules from the government begin to take effect. The CMHC predicts that the national average house price will decline by 7.6% in 2023, with prices in some markets, such as Toronto and Vancouver, expected to fall by even more. This cooling is expected to continue in 2024, with the CMHC predicting a further decline in the national average house price of 3.2%. The long-term outlook for the Canadian housing market is more uncertain, but the CMHC expects that prices will continue to rise, albeit at a more moderate pace. The Canadian housing market is one of the most expensive in the world, with prices in major cities like Toronto and Vancouver soaring to record highs in recent years. This has led to a growing concern about affordability, as many Canadians are being priced out of the market. Key drivers for this market are: Increasing Adoption of Remote and Hybrid Work Model. Potential restraints include: Lack of Privacy. Notable trends are: Pandemic Accelerated Luxury Home Sales in Major Canadian Markets.
Facebook
TwitterMexico's housing market demonstrates significant regional price variations, with Mexico City emerging as the most expensive area for residential property in the third quarter of 2025. The capital city's average house price of 3.93 million Mexican pesos far exceeds the national average of 1.86 million pesos, highlighting the stark contrast in property values across the country. This disparity reflects broader economic and demographic trends shaping Mexico's real estate landscape. Sustained growth in housing prices The Mexican housing market has experienced substantial growth over the past decade, with home prices more than doubling since 2010. By the second quarter of 2025, the nominal house price index reached 287 points, representing a 187 percent increase from the baseline year. Even when adjusted for inflation, the real house price index showed a notable 50 percent growth, underscoring the market's resilience and attractiveness to investors. The mortgage market is dominated by three main player types: Infonavit, Fovissste, and commercial banks including Sofomes. In 2023, Infonavit, a scheme by Mexico's National Housing Fund Institute which provides lending to workers in the formal sector, was responsible for the majority of mortgages granted to individuals. Challenges in mortgage lending Despite the overall growth in housing prices, Mexico's mortgage market has faced challenges in recent years. The number of new mortgage loans granted has declined over the past decade, falling by approximately 200,000 loans between 2008 and 2023. This decrease in lending activity may be attributed to various factors, including economic uncertainties and changing consumer preferences. The state of Mexico, which is home to 13 percent of the country's population, likely plays a significant role in shaping these trends given its large demographic influence on the national housing market.
Facebook
TwitterPortugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.
Facebook
Twitterhttps://creativecommons.org/publicdomain/zero/1.0/https://creativecommons.org/publicdomain/zero/1.0/
By [source]
This dataset provides a wealth of information about the current Spanish housing market for potential buyers. This comprehensive data set includes research-level information about region, number of rooms, size, price, photos and more for different available properties across the country. This data can help researchers understand the wide pricing range and characteristics associated with these homes in great detail. For example, it allows us to uncover average price per square meter as well as differences in prices between larger and smaller locations. Further exploration also reveals correlations between price and surface area as well as number of rooms and pricing models - all immensely helpful to those wishing to purchase or rent properties in Spain! By further investigating this rich set of information provided by this dataset, prospective property buyers can be more informed when making decisions regarding their next home or investment opportunities within the Spanish housing market
For more datasets, click here.
- 🚨 Your notebook can be here! 🚨!
Welcome to the Prices and Characteristics of Spanish Houses for Sale dataset! This data set contains comprehensive information about Spanish houses for sale, including location, price, size, and number of rooms. Here’s a guide to help you get started.
Explore the columns included in this dataset: the summary column provides an overview of the property while description provides more in-depth details. The location column offers geographical details about each house; photo displays a picture of each property; recomendado indicates whether or not it has been recommended; price gives you an idea of how much each house costs; size determines how large or small it is; rooms tells you how many bedrooms it has to offer; price/m2 states the Square Meter Price for each home; bathrooms lets you know how many bathrooms it has on the premises; Num Photos shows you the exact number of images available for that home and type directs which type it is (apartment); region helps pinpoint exactly where these homes are located.
Analyze relationships between variables: use this dataset to uncover interesting correlations between pricing and other characteristics such as size and number of rooms, or between prices in different regions within Spain. You can also gain insight into average pricing by square meter across various locations - this data might be useful if you're looking at making a real estate investment decision based on market trends around Spain's housing sector!
Research current market trends: review historical data points from within this dataset with regards to pricing changes over time, as well as differences in supply/demand dynamics across distinct locations within Spain's housing market - all these insights can be used when deciding whether or not now would be an ideal time to purchase property in certain areas!
Overall, we hope that with this information at hand your research into Spain's current housing market will provide useful results and lend insight that may assist your purchase decision process when considering buying S[anish homes!
- Comparing the average Spanish house price in different regions to determine if prices are more expensive in certain regions.
- Examining the correlation between size and number of rooms to understand which properties would be a better investment given their size.
- Analyzing the relationship between number of photos uploaded for a property and its price, to determine if there is any correlation between them or not
If you use this dataset in your research, please credit the original authors. Data Source
License: CC0 1.0 Universal (CC0 1.0) - Public Domain Dedication No Copyright - You can copy, modify, distribute and perform the work, even for commercial purposes, all without asking permission. See Other Information.
File: pisos.csv | Column name | Description | |:----------------|:------------------------------------------------------------| | summary | A brief description of the property. (Text) | | location | The geographical area or postcode of the property. (Text) | | photo...
Facebook
TwitterHouse Price Prediction based on city zipcode...
A home is often the largest and most expensive purchase a person makes in his or her lifetime. Ensuring homeowners have a trusted way to monitor this asset is incredibly important. The Zestimate was created to give consumers as much information as possible about homes and the housing market, marking the first time consumers had access to this type of home value information at no cost.
“Zestimates” are estimated home values based on 7.5 million statistical and machine learning models that analyze hundreds of data points on each property. And, by continually improving the median margin of error (from 14% at the onset to 5% today), Zillow has since become established as one of the largest, most trusted marketplaces for real estate information in the U.S. and a leading example of impactful machine learning.
Zillow Prize, a competition with a one million dollar grand prize, is challenging the data science community to help push the accuracy of the Zestimate even further. Winning algorithms stand to impact
Facebook
Twitterhttps://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
Canada Luxury Residential Real Estate Market Report is Segmented by Property Type (Apartments & Condominiums, Villas & Landed Houses), by Business Model (Sales and Rental), by Mode of Sale (Primary (New-Build) and Secondary (Existing-Home Resale)), and by Province (Ontario, British Columbia, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.
Facebook
TwitterInnsbruck was the most expensive Austrian city to buy an apartment in, with average values of 7,700 euros per square meter in the first quarter of 2025. The price of an apartment in Graz was significantly lower at 4,590 euros per square meter.
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Housing Index in Portugal increased to 258.78 points in the second quarter of 2025 from 247.05 points in the first quarter of 2025. This dataset provides - Portugal House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Facebook
Twitterhttps://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Latin America Residential Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Apartments & Condominiums and Villas & Landed Houses), by Price Band (Affordable, Mid-Market and Luxury), by Mode of Sale (Primary New-Build, and More), and by Country (Brazil, Mexico, Colombia, Argentina, Chile, and the Rest of Latin America). The Market Forecasts are Provided in Terms of Value (USD).
Facebook
TwitterIn 2019, Hong Kong had the most expensive residential property market worldwide, with an average price per square foot of 1,987 U.S. dollars.
Hong Kong
Hong Kong, an autonomous special administrative region of China, has one of the least affordable housing markets in the world. A region with an estimated 7.49 million people, it has become increasingly difficult to purchase a home in Hong Kong. The spoken languages in Hong Kong are Cantonese, Mandarin, and English.
Hong Kong housing market
The housing market in Hong Kong has seen an increase in prices in the past couple years. There are two types of housing unit offers in Hong Kong, private and public. The number of public rental housing units has been consistently rising since 2008. Nearly half of the public rental apartments in Hong Kong as of March 2018 were between 30 and 39.9 square meters. Not only has the number of public rental housing units increased since 2008, so have the private ones. However, there are more private housing units than public ones in Hong Kong. Additionally, the Home Ownership Scheme exists in Hong Kong. It is a government sponsored program that subsidizes public housing in Hong Kong. First created in the late 1970s, it was instituted with two targets in mind. The first was to persuade the richer tenants of these apartments to leave so families in greater need could live there. The second was to allow these families to become home owners, since they did not have enough money to buy in the private sector. Under this program, the government sells apartments to qualified low-income tenants at prices below the market value.
Facebook
Twitterhttps://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
Booming Asia-Pacific condominium & apartment market analysis reveals a CAGR exceeding 7.8% through 2033. Discover key drivers, trends, and leading developers shaping this lucrative real estate sector. Explore regional breakdowns and market forecasts. Recent developments include: October 2022: The USD 280 million Gold Coast condo development in Australia is a collaboration between Banda, a development and design studio founded by Princess Beatrice's husband, Edo Mapelli Mozzi, and Australian real estate expert Rory O'Brien. The new development will provide the most luxurious condos in the area. Banda Design Studio will create 28 units: 20 residences, five sky homes, two duplex sub-penthouses, and a super-penthouse., March 2022: Goldman Sachs may collaborate with trading firm Sojitz to acquire and renovate older apartments that would otherwise go unnoticed by real estate investors. By the summer, they plan to form a joint venture to focus on rental housing in major Japanese cities. Properties that have been improved will be sold in batches to financial institutions and investment funds. The partners intend to invest JPY 40-50 billion (USD 323-405 million) in the company each year.. Key drivers for this market are: Government Investments in Infrastructure, Global Urbanization; Growth in International Trade and Logistics; Aging Infrastructure. Potential restraints include: Funding Constraints, Skilled labor shortages; Land Acquisition and Right-of-Way Issues. Notable trends are: Increase in Demand for Rental Properties.
Facebook
Twitterhttps://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
According to Cognitive Market Research, the global Residential Real Estate market size was USD 32651.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 13060.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 9795.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7509.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1632.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 653.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The single-family homes category is the fastest growing segment of the Residential Real Estate industry
Market Dynamics of Residential Real Estate Market
Key Drivers for Residential Real Estate Market
Increasing population drives housing demand to Boost Market Growth
Increasing population drives housing demand by creating a need for more residential spaces to accommodate growing numbers of people. As population rises, particularly in urban and suburban areas, demand for housing expands, fueling the residential real estate market. This is especially evident in countries experiencing rapid urbanization, where people move to cities seeking better job opportunities, education, and lifestyle options, further increasing housing needs. Additionally, population growth often correlates with the formation of new households, such as young families or individuals moving out on their own, intensifying the demand for housing units. In response, developers and investors are motivated to build more residential properties, ranging from single-family homes to multifamily units, contributing to market growth and driving real estate values upward. For instance, The Ashwin Sheth Group aims to broaden its residential and commercial offerings in the Mumbai Metropolitan Region (MMR) of India.
Rising incomes and economic stability to Drive Market Growth
Rising incomes and economic stability drive the residential real estate market by boosting consumers’ purchasing power and confidence in long-term investments like homeownership. As incomes increase, people can afford larger down payments, qualify for higher loan amounts, and manage mortgage payments more comfortably, making home buying a more viable option. Economic stability, characterized by low unemployment rates and steady GDP growth, reinforces this confidence, as individuals feel secure in their financial situations. With greater disposable income, many consumers seek to upgrade to larger homes, buy second properties, or invest in luxury real estate, further fueling demand. This economic backdrop attracts both local and foreign investors, leading to more housing developments, increased property values, and a flourishing residential real estate market.
Restraint Factor for the Residential Real Estate Market
High Property Prices will Limit Market Growth
High property prices restrain the residential real estate market by making homeownership unaffordable for a significant portion of the population. As prices rise, potential buyers, particularly first-time homeowners and low- to middle-income families, may find it challenging to secure adequate financing or meet the necessary down payment requirements. This affordability crisis limits the pool of qualified buyers, leading to slower sales and potential stagnation in market growth. Additionally, high property prices can prompt increased demand for rental properties, shifting focus away from home purchases. In markets where prices escalate rapidly, even affluent buyers may hesitate, fearing potential market corrections. Consequently, elevated property values can create a barrier to entry, ultimately restricting the overall health and vibrancy of the residential real estate market.
Impact of Covid-19 on the Residential Real Estate Market
The COVI...
Facebook
Twitterhttps://www.marketreportanalytics.com/privacy-policyhttps://www.marketreportanalytics.com/privacy-policy
Discover the booming South Korean luxury real estate market! This in-depth analysis reveals a $43.56B market with a 10% CAGR, driven by HNWIs and prime Seoul locations. Explore key trends, challenges, and top companies shaping this lucrative sector. Recent developments include: August 2023: A new development project calls for turning the Songdo International City R2 Block of the Incheon Free Economic Zone (IFEZ) into a "K-Contents City," according to local sources. As a shareholder in this development project, HYBE will see the construction of multiple expansive residential complexes throughout the city., September 2023: South Korea's real estate landscape as it comes to light that a mere 30 individuals have managed to acquire a staggering 8,000 homes in the country over the past five and a half years. These eyebrow-raising acquisitions, totaling nearly INR 7,446 crore (USD 0.89 billion), have raised concerns and questions about the state of the housing market and the potential implications for average citizens.. Key drivers for this market are: 4., South Korea's status as a global business hub can attract expatriates and foreign executives seeking high-end accommodation options4.2.1.2 Incorporating advanced technology and smart home features making luxury properties more appealing to tech-savvy buyers. Potential restraints include: 4., South Korea's status as a global business hub can attract expatriates and foreign executives seeking high-end accommodation options4.2.1.2 Incorporating advanced technology and smart home features making luxury properties more appealing to tech-savvy buyers. Notable trends are: Reduction in prices creating demand for low-priced luxury real estate.
Facebook
Twitterhttps://creativecommons.org/publicdomain/zero/1.0/https://creativecommons.org/publicdomain/zero/1.0/
https://cdn.vectorstock.com/i/preview-1x/58/33/shwedish-town-silhouette-vector-9305833.webp">
My dataset is a valuable collection of real estate information sourced from REALTING.com, an international affiliate sales system known for facilitating safe and convenient property transactions worldwide. REALTING.com has a strong foundation, with its founders boasting approximately 20 years of experience in creating information technologies for the real estate market. This dataset offers insights into various properties across the globe, making it a valuable resource for real estate market analysis, property valuation, and trend prediction.
The dataset contains information on a diverse range of properties, each represented by a row of data. Here are the key columns and their contents:
This dataset is rich in real estate-related information, making it suitable for various analytical tasks such as market research, property comparison, geographical analysis, and more. The dataset's global scope and diverse property attributes provide a comprehensive view of the international real estate market, offering ample opportunities for data-driven insights and decision-making.
Facebook
TwitterThe Housing Affordability Data System (HADS) is a set of files derived from the 1985 and later national American Housing Survey (AHS) and the 2002 and later Metro AHS. This system categorizes housing units by affordability and households by income, with respect to the Adjusted Median Income, Fair Market Rent (FMR), and poverty income. It also includes housing cost burden for owner and renter households. These files have been the basis for the worst case needs tables since 2001. The data files are available for public use, since they were derived from AHS public use files and the published income limits and FMRs. These dataset give the community of housing analysts the opportunity to use a consistent set of affordability measures. The most recent year HADS is available as a Public Use File (PUF) is 2013. For 2015 and beyond, HADS is only available as an IUF and can no longer be released on a PUF. Those seeking access to more recent data should reach to the listed point of contact.
Facebook
TwitterIn 2020, Hong Kong had the most expensive residential property market worldwide, with an average property price of 1.25 million U.S. dollars. The government of Hong Kong provide public housing for lower-income residents and almost 45 percent of the Hong Kong population lived in public permanent housing in 2018.