House Prices/GDP per Capita in Belgium compared to Europe
Belgium: 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.
Belgium generates house price and rents statistics of acceptable quality. Statistics Belgium has annual and quarterly data on average price of houses. The National Bank of Belgium's Belgostat has all the usual general economics statistics