No, I don't think so. Some research suggests it's somewhere between #8 and #20 in the world. Question is what research to believe? There are housing affordability challenges worldwide:
I would ask you, what has this to do with RV's and the cashed up retirees who can afford and choose to buy an ORA in the RV's?
MistaTea's learned friend suggests:
Here are the top 20 countries with the highest residential housing prices relative to income in 2024:
- Hong Kong
- Armenia
- Indonesia
- Serbia
- Dominican Republic
- Chile
- Venezuela
- Brazil
- Russia
- Mongolia
- Egypt
- Ukraine
- Azerbaijan
- Kosovo (Disputed Territory)
- Morocco
- Slovakia
- Israel
- Albania
- Kyrgyzstan
- El Salvador
This however contradicts other answers:
Hong Kong has the highest housing prices relative to income globally, with a median price-to-income ratio of 16.7. This means that the median home price is 16.7 times the median household income, making it the least affordable housing market worldwide. Other cities with high price-to-income ratios include Sydney, Australia (13.8), and Vancouver, Canada (12.3).