(CNN) Where are the most expensive cities to buy a home?

New York City, London, Hong Kong, Monte Carlo are always the leading contenders.

But could there be another, less spoken of candidate, in the Far East?

By one measure at least, the Taiwanese capital of Taipei is home to one of the most unaffordable housing markets in the world.

Official government data places the ratio for housing prices to income in the city at 15.

Read More