House Prices/GDP per Capita in Cape Verde compared to Africa
Cape Verde: 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.
Cape Verde does not publish house price statistics. General economics statistics are available from the Instituto Nacional de Estatistica and the Banco de Cabo Verde. However, the two sources are in Portuguese.