Hungary: 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.

Hungary does not publish any house price or rents time-series, either official or private, although Budapest hosts the Metropolitan Research Institute, a housing research organisation. General economic statistics for Hungary are available from the Central Bank and the Central Statistical Office.