India

House Price to Income Ratio - India Compared to Continent

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Cambodia	326.13x
China	85.48x
Hong Kong	50.15x
India	939.03x
Indonesia	57.29x
Japan	35.83x
Malaysia	16.78x
Philippines	103.91x
Singapore	29.06x
Taiwan	23.00x
Thailand	60.63x

 

 

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 has just released the pilot issue of Residex (India’s house price index), covering five main cities, through the National Housing Bank (NHB). Since the Residex is new, its methodology is being revised every so often. Unfortunately, the Residex is not publicly available. General economics statistics are from the Reserve Bank of India.