Macedonia

House Price to Income Ratio - Macedonia Compared to Continent

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

 

 

Macedonia: 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.

 

Macedonia does not publish house price or rents statistics. General economics statistics for Macedonia are published by the Ministry of Finance.