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Sort: Alphabetically  |  Ascending Rank  |  Descending Rank


Ukraine   163.81x
Russia   159.19x
UK   72.24x
Moldova   65.70x
Serbia   54.22x
Turkey   41.00x
France   34.39x
Austria   30.87x
Macedonia   28.86x
Montenegro   27.09x
Czech Rep.   27.03x
Italy   24.13x
Hungary   24.06x
Latvia   23.92x
Bulgaria   22.72x
Romania   22.03x
Poland   21.43x
Spain   21.15x
Slovak Rep.   20.26x
Malta   19.53x
Finland   19.32x
Greece   18.72x
Switzerland   17.65x
Lithuania   17.48x
Sweden   17.32x
Slovenia   17.05x
Estonia   17.02x
Netherlands   16.81x
Portugal   16.49x
Germany   15.11x
Croatia   11.26x
Denmark   10.18x
Belgium   9.25x
Cyprus   8.31x
Luxembourg   6.84x

 

 

Europe: 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.

 

European statistics. European house price and other economic statistics vary in quality. It is often a surprise to non-Europeans to discover that swathes of this rich, highly developed continent are not covered by good housing statistics.

Northern European countries have generally good house price time-series. In particular, all the Scandinavian countries generate excellent house price statistics. In the Baltics the situation is improving rapidly. Latvia generates an official annual house price time-series, and the realtor Latio publishes a monthly index. Lithuania has no official house price or rents time-series, but the firm Inreal publishes annual prices and rents for Vilnius for a few years. Estonia has high-quality housing statistics, generated by the Statistical Office of Estonia (SOE). Data on house prices, house sales and construction activities, as well as general economics statistics are all available from the SOE.

Central Europe is mixed. German house price statistics are weak. France has very good statistics, the Netherlands has good data, Belgium and Austria have acceptable data. Spain has made giant strides, Portugal is weaker.

Southern Europe tends to have weak statistical data. There is a particular lack of housing statistics in Italy, Greece, and Turkey (though Italy has some private, for-sale, data generators).

Statistics in Eastern Europe are weak. Efforts are being made to change this, for instance Bulgaria began publishing a house price time-series in 2006. Aside from this, the Czech Republic has an official index, and in Poland, REAS Konsulting produces a for-sale index.

 





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