Ecuador

House Price to Income Ratio - Ecuador Compared to Continent

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Argentina	27.92x
Brazil	23.07x
Chile	11.89x
Colombia	33.86x
Costa Rica	24.35x
Ecuador	25.77x
Mexico	31.53x
Nicaragua	105.33x
Panama	25.65x
Peru	21.20x
Uruguay	16.98x

 

 

Ecuador: 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.

 

There are no house price statistics for Ecuador, and its statistical data is generally weak. The Instituto Nacional de Estadística y Censos is an ill-organized collection of stale data. The Banco Central del Ecuador is better, but alas has few downloadable time-series (data tends to be in ‘press release’ format). The monthly report on inflation is well presented.