Greece

House Price to Income Ratio - Greece Compared to Continent

Footnote Export

Sort: Alphabetically  |  Ascending Rank  |  Descending Rank

Russia	155.70x
Ukraine	99.20x
Moldova	85.31x
Romania	54.27x
Bulgaria	43.28x
UK	42.15x
Latvia	38.44x
Lithuania	33.79x
Poland	30.32x
Macedonia	28.06x
Czech Rep.	23.76x
France	22.88x
Croatia	21.95x
Italy	19.93x
Greece	18.89x
Estonia	18.56x
Turkey	18.36x
Malta	17.53x
Hungary	16.28x
Finland	14.40x
Spain	13.87x
Slovenia	13.25x
Ireland	11.85x
Portugal	10.77x
Switzerland	9.76x
Cyprus	8.21x
Denmark	8.10x
Netherlands	7.88x
Austria	6.77x
Belgium	6.04x
Germany	5.88x
Luxembourg	4.64x

Greece: 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 country’s 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 Guide’s own proprietary in-house research, but we use the IMF’s GDP per capita figures.

Greece has an index of prices of new and existing dwellings in urban areas outside Athens, generated by the Bank of Greece. There seems to be no private house price data provider. The National Statistical Service of Greece also has economic data.