Global Property Guide

Financial Information for Residential Property Buyers

Price/GDP per Cap - Cyprus Compared to Europe

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Click name of country for detailed information
Russia 164.48x
Ukraine 158.30x
UK 74.10x
Moldova 62.77x
Turkey 52.51x
Serbia 51.91x
Czech Rep. 43.58x
France 41.56x
Austria 32.40x
Poland 28.02x
Bulgaria 27.95x
Italy 26.78x
Macedonia 26.71x
Montenegro 25.88x
Greece 24.87x
Hungary 24.65x
Portugal 23.96x
Slovak Rep. 23.29x
Spain 23.24x
Malta 22.40x
Romania 20.78x
Latvia 20.25x
Croatia 20.16x
Lithuania 19.73x
Finland 18.85x
Netherlands 18.74x
Switzerland 17.71x
Germany 17.37x
Sweden 16.96x
Slovenia 16.72x
Estonia 15.03x
Norway 14.55x
Denmark 9.87x
Belgium 9.09x
Cyprus 8.91x
Luxembourg 5.49x

Cyprus: 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.

Cyprus publishes a quarterly house price index, which can be obtained from the Central Bank of Cyprus. General economic statistics also come from the Central Bank of Cyprus, and the Ministry of Finance. The Royal Institute of Chartered Surveyors (RICS) also publishes quarterly data on average house prices.