{"id":22771,"date":"2023-09-21T09:17:59","date_gmt":"2023-09-21T09:17:59","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing"},"modified":"2023-09-21T09:40:38","modified_gmt":"2023-09-21T09:40:38","slug":"top-10-african-cities-with-the-least-affordable-housing","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing","title":{"rendered":"Top 10 African cities with the least affordable housing"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>Business Insider Africa presents the top 10 African cities with the least affordable housing .<\/p>\n

This list is courtesy of Numbeo.<\/p>\n

The values in the list are reflective of Numbeo\u2019s price-to-income ratio.<\/p>\n

In recent years, the global real estate market has been marked by a remarkable trend of skyrocketing property prices.<\/p>\n

This surge in property values has far-reaching implications, affecting everyone from prospective homebuyers and renters to investors, policymakers, and even the overall economy. Depending on the economic climate of a particular location, various places have varied property prices. The African continent is not an exception to this rule.<\/p>\n

Africa is a continent diverse in culture, geography, and of course economics. Some regions have a fairly decent standard of living while others may not be so fortunate. As a result, the price for property differs based on where you find yourself in.<\/p>\n

As a result, there are indicators out there showing which regions are more expensive to live in and which ones are cheaper. Numbeo is one such platform with its own indicators. This platform generally highlights the differences in the standard of living across the globe, including the difference in property values.<\/p>\n

Methodology<\/p>\n

The values in the list are reflective of Numbeo\u2019s price-to-income ratio.<\/p>\n

The price-to-income ratio is a fundamental measure for apartment purchase affordability, where a lower ratio indicates better affordability. It is typically calculated as the ratio of median apartment prices to median familial disposable income, expressed as years of income (although variations are used elsewhere).<\/p>\n

Numbeo\u2019s formula assumes and uses: net disposable family income, as defined as 1.5 * the average net salary (50% is the accepted percentage of women in the workforce) median apartment size is 90 square meters price per square meter (the formula uses) is the average price of square meter in the city center and outside of the city center.<\/p>\n

ADVERTISEMENT<\/p>\n

PS: Numbeo notes that there is no standard formula to calculate property price indices. The platform\u2019s formulas differ from other research institution\u2019s indexes such as the Case-Shiller Index, UK Housing Price Index, etc.<\/p>\n

Rank City Country Price to ratio income Global rank<\/p>\n

1. Douala Cameroon 48.0 1st<\/p>\n

2. Addis Ababa Ethiopia 34.0 13th<\/p>\n

3. Algiers Algeria 25.6 26th<\/p>\n

4 Raba Morocco 18.5 48th<\/p>\n

5. Alexandria Egypt 17.6 58th<\/p>\n

6. Tunis Tunisia 14.9 89th<\/p>\n

7. Casablanca Morocco 14.9 90th<\/p>\n

8. Cairo Egypt 13.8 115th<\/p>\n

9. Marrakech Morocco 13.6 122nd<\/p>\n

10. Nairobi Kenya 11.2 116th<\/p>\n

source:africa.businessinsider<\/b><\/p>\n

For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Sierra-Leone. Business Insider Africa presents the top 10 African cities with the least affordable housing . This list is courtesy of Numbeo. The values in the list are reflective of Numbeo\u2019s price-to-income ratio. In recent years, the global real estate market has been marked by a remarkable trend of skyrocketing property prices. This […]<\/p>\n","protected":false},"author":84,"featured_media":22770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[291,293,292],"class_list":["post-22771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\nTop 10 African cities with the least affordable housing - Sierra Leone<\/title>\n<meta name=\"description\" content=\"Business Insider Africa presents the top 10 African cities with the least affordable housing . This list is courtesy o ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 10 African cities with the least affordable housing\" \/>\n<meta property=\"og:description\" content=\"Business Insider Africa presents the top 10 African cities with the least affordable housing . This list is courtesy o ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-21T09:17:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T09:40:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/09\/sm_1695276607.609363.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"765\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Top 10 African cities with the least affordable housing\",\"datePublished\":\"2023-09-21T09:17:59+00:00\",\"dateModified\":\"2023-09-21T09:40:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing\"},\"wordCount\":404,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/09\/sm_1695276607.609363.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing\",\"name\":\"Top 10 African cities with the least affordable housing - Sierra Leone\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/09\/sm_1695276607.609363.jpg\",\"datePublished\":\"2023-09-21T09:17:59+00:00\",\"dateModified\":\"2023-09-21T09:40:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Business Insider Africa presents the top 10 African cities with the least affordable housing . This list is courtesy o ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/09\/sm_1695276607.609363.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/09\/sm_1695276607.609363.jpg\",\"width\":765,\"height\":470,\"caption\":\"Top 10 African cities with the least affordable housing\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/sierra-leone\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top 10 African cities with the least affordable housing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#website\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/\",\"name\":\"Sierra Leone\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/sierra-leone\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Top 10 African cities with the least affordable housing - Sierra Leone","description":"Business Insider Africa presents the top 10 African cities with the least affordable housing . This list is courtesy o ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing","og_locale":"en_US","og_type":"article","og_title":"Top 10 African cities with the least affordable housing","og_description":"Business Insider Africa presents the top 10 African cities with the least affordable housing . This list is courtesy o ...","og_url":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing","og_site_name":"Sierra Leone","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-09-21T09:17:59+00:00","article_modified_time":"2023-09-21T09:40:38+00:00","og_image":[{"width":765,"height":470,"url":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/09\/sm_1695276607.609363.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Top 10 African cities with the least affordable housing","datePublished":"2023-09-21T09:17:59+00:00","dateModified":"2023-09-21T09:40:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing"},"wordCount":404,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/09\/sm_1695276607.609363.jpg","keywords":["Africa Press","Africa Press-Sierra-Leone","Sierra-Leone"],"articleSection":["all news","files"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing","url":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing","name":"Top 10 African cities with the least affordable housing - Sierra Leone","isPartOf":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/09\/sm_1695276607.609363.jpg","datePublished":"2023-09-21T09:17:59+00:00","dateModified":"2023-09-21T09:40:38+00:00","author":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Business Insider Africa presents the top 10 African cities with the least affordable housing . This list is courtesy o ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#primaryimage","url":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/09\/sm_1695276607.609363.jpg","contentUrl":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/09\/sm_1695276607.609363.jpg","width":765,"height":470,"caption":"Top 10 African cities with the least affordable housing"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/top-10-african-cities-with-the-least-affordable-housing#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/sierra-leone\/"},{"@type":"ListItem","position":2,"name":"Top 10 African cities with the least affordable housing"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#website","url":"https:\/\/www.africa-press.net\/sierra-leone\/","name":"Sierra Leone","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/sierra-leone\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/posts\/22771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/comments?post=22771"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/posts\/22771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/media\/22770"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/media?parent=22771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/categories?post=22771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/tags?post=22771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}