Delhi among world's cheapest cities for property despite lowest salaries
A Deutsche Bank report indicates that Delhi is one of the most affordable cities globally for property and living expenses. However, the report also highlights that the city ranks very low in terms of average net salaries compared to other major global cities.
Why it matters
It provides insight into the economic disparity between cost of living and wage growth in emerging global hubs.
NEW DELHI: Delhi is among the world's most affordable major cities for buying property and everyday living, but its residents also earn some of the lowest salaries compared with other global cities, according to a new report by Deutsche Bank.The report, 'Mapping the World's Prices 2026', published on July 13, compares 69 cities across the world on the basis of prices, salaries and quality of life.One of its key findings is that Delhi is the world's cheapest major city for a romantic date. A 'cheap date' in the national capital costs an average of USD 103 (around Rs 9,920), compared with USD 475 (around Rs 45,750) in Geneva, the most expensive city on the list, PTI reported. Property prices in Delhi remain relatively low compared with other major global cities.
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