Footnote | Export Sort: Alphabetically | Ascending | Descending

Click name of country for detailed information
Madagascar 100.97x
Ghana 92.97x
Kenya 84.06x
Gambia 79.78x
Tanzania 61.62x
South Africa 60.25x
Cape Verde 37.72x
Angola 0.00x

Africa: 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 for Africa. Africa is a desert so far as house-price statistics are concerned. The exception is South Africa, where ABSA Group releases good house price data, and has a monthly house price index.