2022-07-29

Paying rent in Cebu and Manila has become less affordable since 2017, making them one of Asia’s worst cities for renting.

In 2017, locals in Cebu typically set aside 114% of their average monthly salary after tax to afford a one-bedroom apartment in the city.

But according to a report released Friday by Online Mortgage Advisor, a UK-based mortgage company, Cebuanos would have to earmark 182% of their monthly income to pay rent in the city in 2021.....

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Via philstar.com