House Prices/GDP per Capita in Czech Republic compared to Europe
Czech Republic: 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.
The Czech Republic publishes annual house price statistics Statistical Yearbook of the Czech Statistical Office (CSO). CSO also produces a quarterly house price index. General economics statistics are also available from CSO. The Czech National Bank has money and banking statistics.