Japan

House Price to Income Ratio - Japan Compared to Continent

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

 

 

Japan: 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.

 

Japan does not publish official house price statistics, so land prices are taken as a proxy. Land price statistics are available from the Japan Real Estate Institute (JREI), as well as rent index. For a summary of Japan’s economic and real estate trends, see monthly JREI reports. Japan’s Statistics Bureau and the Bank of Japan have good collections of general economics data.