Europe: Price/Rent Ratio - Rent Years to Buy 120 Sq.M. Property

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Macedonia	10 yrs
Ukraine	11 yrs
Hungary	12 yrs
Netherlands	15 yrs
Poland	17 yrs
Belgium	17 yrs
Romania	18 yrs
Turkey	18 yrs
Croatia	19 yrs
Germany	20 yrs
Italy	20 yrs
Slovenia	20 yrs
Slovak Rep.	21 yrs
Finland	23 yrs
Austria	23 yrs
Denmark	23 yrs
Bulgaria	24 yrs
Switzerland	24 yrs
Latvia	25 yrs
Lithuania	25 yrs
Czech Rep.	26 yrs
France	26 yrs
Spain	26 yrs
Luxembourg	28 yrs
Portugal	28 yrs
UK	29 yrs
Russia	29 yrs
Estonia	30 yrs
Cyprus	31 yrs
Malta	34 yrs
Greece	40 yrs
Andorra	42 yrs
Monaco	68 yrs

Europe: Price/rent ratio

This ratio is typically used for measuring undervaluation/overvaluation of real estate prices, calculated by dividing the gross rental yield by 100 so the higher the yield, the lower the price/rent ratio.

When wereas theise data collected? Click on individual countries to see the data collection date.

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.