House Prices/GDP per Capita in Finland compared to Europe
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).