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House Price to Income Ratio - Venezuela Compared to Continent


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Nicaragua 111.66x
Colombia 34.08x
Peru 32.24x
El Salvador 31.14x
Ecuador 29.36x
Brazil 29.04x
Argentina 26.44x
Mexico 24.39x
Panama 23.76x
Chile 19.68x
Costa Rica 19.34x
Uruguay 17.46x

 

 

Venezuela: 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.

 

Venezuela has no house price statistics, but there are construction cost time-series at the Banco Central de Venezuela site, which also has general statistics. There are also statistics at the Instituto Nacional de Estadist�ca under the Ministerio del Poder Popular para la Planificaci�n y Desarrollo.





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