House Prices/GDP per Capita in Greece compared to Europe
Greece: 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.
Greece has an index of prices of new and existing dwellings both in Athens and in urban areas outside Athens, generated by the Bank of Greece. There seems to be no private house price data provider. The National Statistical Service of Greece also has economic data.