Luxembourg

House Price to Income Ratio - Luxembourg Compared to Continent

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

 

 

Luxembourg: 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.

 

Luxembourg publishes an apartment price time-series, with square metre prices for new and existing one family houses, apartments and apartment houses, since 1985, based on National Statistical Institute data, and available on-line from the Service Central de la Statistique et des Etudes Economiques du Luxembourg (Statec). General economic statistics can be got from the Banque Centrale du Luxembourg, and from Statec.