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September 2015
Worldwide
2015
The source adds the following information: "To estimate the worldwide costs of housing, we considered the prices for three different types of apartments. For two of these types, we standardized requirements to Western preferences, with a furnished two-room apartment and an unfurnished three-room apartment. We only looked at newly built apartments which with a bathroom and a kitchen. Prices included utilities (energy and water taxes), but not the use of a garage. To capture local standards, our survey asked for the price of an apartment of typical size, location, and amenities for the respective city. All three housing options were weighted equally."
