Caribbean: House Price to Income Ratio

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St Martin	79.64x
St Lucia	57.06x
Belize	52.92x
Barbados	49.45x
Dom. Rep.	46.28x
Jamaica	41.98x
Neth. Antilles	27.41x
St Kitts	25.15x
Antigua	24.46x
Bahamas	20.21x
Trinidad & T.	19.95x

Caribbean: 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.

Statistics for the Caribbean. Statistical work in the Caribbean is weak, and house price statistics are almost non-existent. The partial exception is the US Virgin Islands, which benefits from a multiple listings system.