House Prices/GDP per Capita in Russia compared to Europe
Russia: 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.
Russia publishes quarterly average house prices through the Federal State Statistics Services (FSSS). General economics statistics can be found also at the FSSS and at the Bank of Russia.