Madagascar

House Price to Income Ratio - Madagascar Compared to Continent

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Cape Verde	47.00x
South Africa	52.94x
Madagascar	140.09x
Tanzania	193.34x
Gambia	279.31x

 

 

Madagascar: 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.

 

Madagascar does not publish house price statistics. General economics statistics are available from the Banque Centrale de Madagascar and the Instut National de la Statistique Malgache. Both sources are in French.