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Click name of country for detailed information
Belize 50.15x
Dom. Rep. 29.21x
Jamaica 28.46x
Barbados 27.51x
St Kitts and Nevis 21.86x
Antigua 21.64x
St Lucia 19.37x
Bahamas 15.34x
Trinidad & T. 15.10x
Puerto Rico 3.27x

Caribbean: 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 the Caribbean. Statistical work in the Caribbean is weak, and house price statistics are almost non-existent. The partial exception is the US Virgin Islands, which benefits from a multiple listings system.