House Prices/GDP per Capita in Lithuania compared to Europe
Lithuania: 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.
Lithuania does not publish an official house price or rents time-series. The real estate firm Inreal published annual prices and rents for Vilnius from 1998-2007. Ober Haus, another private firm, publishes monthly average apartment prices in Vilnius and a monthly apartment price index for Lithuania's 5 largest cities. General economics statistics for Lithuania are published by the Bank of Lithuania and the Statistikos Departamentas, which keeps construction and stock of dwellings figures, but no house prices or rents.