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House Price to Income Ratio - Kenya Compared to Continent


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Gambia 142.22x
Madagascar 129.68x
Kenya 108.70x
South Africa 79.48x
Tanzania 71.43x
Cape Verde 42.13x

 

 

Kenya: 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.

 

Kenya does not publish house price statistics. Good general economics statistics and economic reviews are available from the Kenya National Bureau of Statistics and the Bank of Kenya.





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