House Prices/GDP per Capita in Serbia compared to Europe

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Luxembourg 4.21x
Cyprus 6.76x
Andorra 8.40x
Belgium 9.53x
Denmark 9.87x
Norway 11.51x
Croatia 14.10x
Romania 14.19x
Germany 14.42x
Estonia 14.50x
Slovenia 15.53x
Sweden 16.96x
Slovak Rep. 17.12x
Bulgaria 17.72x
Lithuania 18.01x
Switzerland 20.50x
Spain 20.50x
Greece 22.13x
Austria 22.37x
Malta 22.40x
Moldova 22.52x
Italy 22.98x
Finland 23.89x
Portugal 23.96x
Latvia 24.59x
Hungary 24.65x
Montenegro 25.88x
Macedonia 26.71x
Poland 28.02x
Serbia 30.12x
Monaco 31.79x
France 41.56x
Czech Rep. 44.81x
UK 55.48x
Turkey 59.25x
Russia 64.22x
Netherlands 69.79x
Ukraine 71.98x

Serbia: 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.


Serbia has semi-annual statistics on prices of dwellings of new construction. This data is published by the Statistical Office of the Republic of Serbia. General economics statistics can be found at the National Bank of Serbia and the Ministry of Finance and Economics..