Estonia

House Price to Income Ratio - Estonia Compared to Continent

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Russia	139.93x
Montenegro	136.24x
Ukraine	93.14x
Romania	53.38x
UK	45.95x
Bulgaria	37.51x
Poland	33.05x
Macedonia	32.92x
France	30.54x
Greece	29.80x
Czech Rep.	26.02x
Lithuania	24.17x
Latvia	21.66x
Croatia	21.26x
Slovak Rep.	21.14x
Italy	19.66x
Estonia	19.46x
Portugal	17.71x
Malta	17.13x
Spain	15.52x
Finland	15.39x
Hungary	15.02x
Switzerland	14.93x
Slovenia	14.41x
Ireland	12.37x
Cyprus	11.99x
Netherlands	10.63x
Turkey	10.27x
Denmark	9.75x
Germany	8.96x
Austria	7.60x
Belgium	7.06x
Luxembourg	6.18x

 

 

Estonia: 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.

 

Estonia has high-quality housing statistics, generated by the Statistical Office of Estonia (SOE). Data on house prices, house sales and construction activities, as well as general economics statistics are all available from the SOE. The Bank of Estonia is also a good source of economics statistics and reviews. Ober-Haus Real Estate Company has market reports, press clippings and other information, but its statistics are not reliable. The Pan-European Institute releases economic reviews.