Comparative Study of Price to Rent Ratio Outside of the City Centre - Jan. 31, 2023

Our comparative study focuses on the price to rent ratio outside of the city center, providing valuable insights into the financial feasibility of renting in these areas. By examining property prices and rental rates in different locations, we help you assess the affordability and investment potential of renting outside the city center.

As of January 2021, Taipei, Shenzhen, and Seoul exhibited the highest price to rent ratios outside of the city center, with ratios of 73.3, 71.9, and 70.2, respectively. These ratios suggest relatively high property prices compared to rental rates in these areas. On the other hand, Cleveland, Lagos, and Detroit showcased lower ratios, indicating a more favorable rental market outside the city center.

By January 2022, Accra emerged as the location with the highest price to rent ratio outside of the city center, standing at 281.4. Shenzhen and Seoul followed closely, indicating high property prices relative to rental rates. Yangon, Memphis, and Lagos exhibited lower ratios, suggesting a relatively more affordable rental market outside the city center.

Moving to January 2023, Shenzhen claimed the top spot with a price to rent ratio of 81.2 outside of the city center. Taipei and Guangzhou secured the second and third positions, respectively. Ahmedabad, Yangon, and Lagos showcased lower ratios, indicating a relatively more favorable rental market in terms of price to rent ratio.

Analyzing the price to rent ratio outside of the city center allows you to assess the affordability and investment potential of renting in different areas. It helps you understand the relationship between property prices and rental rates outside the city center, enabling you to make informed decisions about renting and investment opportunities.