Nicaragua: 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.

Nicaragua has no house price statistics. The site of the Central Bank (Banco Central de Nicaragua) has quite good time-series, monthly and annual. Statistics are also published by the Instituto Nacional de Estad�sticas y Censos, but the site is somewhat eccentric, with many time-series apparently broken into two, 1990-1999, and 200-2002 � and data only available in pdf format. There is also some statistical material in report format on the Ministerio de Econom�a y Finanzas site.