House Prices/GDP per Capita in Finland compared to Europe

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Russia 164.48x
Ukraine 158.30x
UK 65.57x
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
Latvia 24.59x
Portugal 23.96x
Spain 23.24x
Malta 22.40x
Estonia 22.24x
Slovak Rep. 21.88x
Slovenia 20.93x
Romania 20.78x
Croatia 20.16x
Finland 18.85x
Netherlands 18.74x
Lithuania 18.01x
Switzerland 17.71x
Germany 17.37x
Sweden 16.96x
Norway 14.55x
Denmark 9.87x
Belgium 9.53x
Cyprus 8.91x
Luxembourg 5.49x

Finland: 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.

Finland publishes good house price and rent statistics. The best source is Statistics Finland, though some longer time-series are in Finnish (asuntojen hintakehitys = dwelling price changes).

The Institute for Real Estate Economics has The Finnish Property Monthly, Quarterly and Annual reports. The Bank of Finland is a third good source (see statistics | prices and costs | domestic asset prices).