House Prices/GDP per Capita in Romania compared to Europe
Romania: 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.
Romania does not publish official house price statistics. Imobiliare Romania publishes monthly average selling prices of apartments. Colliers International's annual Real Estate Review has prices of exclusive, middle and lower classes of apartments. General economics statistics are from the National Institute of Statistics and the National Bank of Romania.