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House Price to Income Ratio - India Compared to Continent


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India 759.75x
Cambodia 319.50x
Philippines 136.77x
China 133.72x
Indonesia 73.33x
Thailand 62.14x
Hong Kong 60.07x
Singapore 34.92x
Taiwan 32.94x
Malaysia 30.36x
Japan 25.05x

 

 

India: 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.

 

India launched Residex (India's house price index) in July 2007, through the National Housing Bank (NHB). Since Residex is relatively new, its methodology is being revised every so often. The eventual aim is to cover residential housing for 63 cities, before extending coverage to commercial property and land. At date of writing (early 2014) Residex covered 26 cities, with 2007 as base year. Residex is publicly available and can be accessed at the National Housing Bank's site. General economics statistics are from the Reserve Bank of India.




India Residential Property Market Overview 2013 - Colliers
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