The top 5 cities around the world where even the rich soon won't be able to afford renting an apartment

Dec 30 2022 by Business Insider

 
New York topped a list of places where prime residential rents have risen.

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Luxury rents rose 10.2% across 10 cities in the third quarter of 2022 from a year ago. Rents in New York, Singapore, and London round up the top three cities where rents have risen the fastest. Rents were driven by interest rate hikes and strong demand following the easing of pandemic restrictions. Prime rents have been rising in major cities around the world as pandemic restrictions...
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