Latvia

House Price to Income Ratio - Latvia Compared to Continent

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Luxembourg	4.64x
Germany	5.88x
Belgium	6.04x
Austria	6.77x
Netherlands	7.88x
Denmark	8.10x
Cyprus	9.52x
Switzerland	9.76x
Portugal	10.77x
Ireland	11.85x
Slovenia	13.25x
Spain	13.87x
Finland	14.40x
Hungary	16.28x
Malta	17.53x
Turkey	18.36x
Estonia	18.56x
Greece	18.89x
Italy	19.93x
Croatia	21.95x
France	22.88x
Czech Rep.	23.76x
Slovak Rep.	27.20x
Macedonia	28.06x
Poland	30.32x
Lithuania	33.79x
Latvia	38.44x
UK	42.15x
Bulgaria	43.28x
Romania	54.27x
Moldova	85.31x
Ukraine	99.20x
Montenegro	125.24x
Russia	155.70x

 

 

Latvia: 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.

 

Latvia generates an annual house price time-series, issued by the Central Statistical Bureau of Latvia. In addition, apparently good quality monthly house price data come (free) from the realtor Latio. High quality general economics statistics for Latvia are published by the Bank of Latvia and the Central Statistical Bureau of Latvia.