For many people, renting a house is a significant expense. Especially in large cities, rents can be shockingly high. But do you know which city in the world has the highest average rent? According to a recent survey, the answer is San Francisco, United States.
This survey was conducted by the real estate website Nested, covering 33 boroughs of London, 15 metropolitan areas in the United Kingdom, and 72 different cities worldwide. The results were compiled based on market conditions, local average salaries, and the minimum living space required per person.
The Top Three Cities with the Highest Rental Costs in the World:
First Place: San Francisco
According to the survey, a single person wishing to live in San Francisco needs an annual salary of at least $86,000, while a family needs an annual income of at least $163,000 to afford the high rents in San Francisco.
From another perspective, the rent per square foot in San Francisco is as high as $4.95. When converted to square meters, the rent per square meter amounts to approximately $54.45, which is truly astonishing!
Second Place: New York
New York, located on the East Coast, closely follows with a rent of $4.75 per square foot (approximately $52.25 per square meter).
Third Place: Hong Kong
Ranking third is Hong Kong, located in Asia, with a rent of $3.69 per square foot (approximately $40.59 per square meter), which is indeed exorbitant.
As the demand for reasonable asset allocation among high-net-worth individuals in China continues to rise, the trend of immigration investment is becoming increasingly popular. Coupled with the improving U.S. economy and the rising value of the U.S. dollar, especially under Trump's "America First" policy and large-scale tax cuts and deregulation measures, the U.S. EB-5 investment has become a popular choice for high-net-worth individuals seeking overseas investment.
Driven by the surge in overseas investment, the WorldWay Immigration Group has proposed "2017 as the Year of Investment in the United States" based on the global economic situation, indicating that 2017 is an optimal time to invest in the United States, and reminding those who wish to invest in the U.S. through the EB-5 investment immigration program to act early and seize the last opportunity before April 28 for U.S. investment immigration, quickly investing in the three high-quality EB-5 projects approved by WorldWay Immigration.
【Friendly Reminder】 The "2017 U.S. Investment Summit Forum" jointly organized by the WorldWay Wealth Club, the Hong Kong Capital Investors Association, and the Shenzhen Enterprise Investors Association will be held on March 18, 2017, in Futian, Shenzhen. This is the first professional and authoritative summit on U.S. investment held in China, where economic experts from China and the U.S., industry authorities, and thousands of Chinese investors will gather to discuss hot topics related to U.S. investment in depth. The forum will also discuss EB-5 investment under Trump's new policies. Interested individuals in immigrating to the U.S. and investing in the U.S. can call for more information: 400-138-2929