Latin America: House Price to Income Ratio

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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

Latin America: 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.

Statistics in Latin America. The entire Latin American region has weak statistics, and house prices are a particularly weak area. The only house price time-series are in Colombia and Uruguay.