House Prices/GDP per Capita in Estonia compared to Europe

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Ukraine 71.98x
Netherlands 69.79x
Russia 64.22x
Turkey 59.25x
UK 55.48x
France 36.46x
Monaco 31.79x
Czech Rep. 31.44x
Serbia 30.12x
Italy 22.98x
Moldova 22.52x
Austria 22.37x
Greece 22.13x
Macedonia 20.92x
Spain 20.50x
Portugal 19.57x
Poland 19.41x
Finland 19.24x
Montenegro 18.53x
Bulgaria 17.72x
Switzerland 17.62x
Slovak Rep. 17.12x
Malta 17.06x
Latvia 16.75x
Hungary 16.61x
Slovenia 15.53x
Estonia 14.50x
Germany 14.42x
Sweden 14.39x
Romania 14.19x
Croatia 14.10x
Norway 11.51x
Lithuania 11.45x
Andorra 8.40x
Denmark 7.83x
Belgium 7.60x
Cyprus 6.76x
Luxembourg 4.21x

Estonia: 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.


Estonia has high-quality housing statistics, generated by the Statistical Office of Estonia (SOE). Data on house prices, house sales and construction activities, as well as general economics statistics are all available from the SOE. The Bank of Estonia is also a good source of economics statistics and reviews. Ober-Haus Real Estate Company has monthly data on average apartment prices, market reports, press clippings and other information.