Caribbean: House Price to Income Ratio

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St Martin	79.64x
Barbados	43.61x
St Kitts	39.38x
St Lucia	35.87x
Dom. Rep.	34.54x
Belize	34.32x
Antigua	31.66x
Jamaica	27.91x
Bahamas	17.69x
Trinidad & T.	15.25x
Neth. Antilles	12.12x

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.