Mexico

House Price to Income Ratio - Mexico Compared to Continent

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

 

 

Mexico: 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.

 

No house price or rent statistics are published in Mexico. The Sistemas Nacionales Estadistico y de Informacion Geografica is a rather weak site, which appears to concentrate on census data. The Banco de Mexico is better and has reasonable time-series.