House Prices/GDP per Capita in Portugal compared to Europe
Portugal: 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.
Portugal releases the average value of bank evaluations on housing, through the Instituto Nacional de Estatistica. The Bank for International Settlements has mean value, in euro per square meter, of credit evaluations of all dwellings carried out by banks, which originally came from the Banco Portugal.
General economics statistics are available from Instituto Nacional de Estatistica and Banco Portugal.