The 25 cities with the highest rental prices in the world: does Hong Kong top the list?
San Francisco is one of four US cities in the top 25 for sky-high rents, along with New York, Boston and Chicago, but where does Hong Kong place?
If you’re looking to save money on housing, you probably shouldn’t live in Hong Kong.
It’s home to the world’s most expensive rent, according to Deutsche Bank’s 2019 edition of its annual “Mapping the World’s Prices” report, which highlights the cost of living in 56 global cities, including the average monthly rent for a typical two-bedroom flat. To determine this specific data, the report sourced prices from Expatian, a s ite that tracks cost-of-living expenses in over 200 countries.
Hong Kong and San Francisco are the only two cities on the list where the average monthly two-bedroom rent exceeds US$3,000. San Francisco is one of four US cities that make the list of the top 25 global cities with the most expensive rent, along with New York, Boston and Chicago.
Worldwide, rent in Dubai saw the biggest decline from the past year, while rent in Frankfurt, Tokyo and Zurich saw the biggest rent increases.
Here are the most expensive cities in the world to rent a two-bedroom flat, and the percentage change refers to the increase or decrease in rent from 2018 to 2019.
25. Milan, Italy
Monthly rent: US$1,395
Percentage change: +5 per cent
24. Shanghai, China
