Cape Verde

House Price to Income Ratio - Cape Verde Compared to Continent

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Cape Verde	37.99x
South Africa	53.22x
Madagascar	113.59x
Tanzania	134.26x
Gambia	134.59x

 

 

Cape Verde: House price to income ratio

The house price to income ratio is the ratio of the cost of a typical upscale housing unit of 100 square metres, compared to the countrys GDP per capita. Normally this ratio will be much higher in low income countries than in high income countries.

The formula is: (Price per square metre / GDP per capita)*100. The house price to income ratios published by the Global Property Guide are based on the Global Property Guides own proprietary in-house research, but we use the IMFs GDP per capita figures.

 

Cape Verde does not publish house price statistics. General economics statistics are available from the Instituto Nacional de Estatistica and the Banco de Cabo Verde. However, the two sources are in Portuguese.