House Prices/GDP per Capita in Spain compared to Europe
Spain: 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.
Spain publishes good house price statistics. The Banco de España holds good quarterly house price time series for a range of areas and housing types, generated by the Ministerio de Fomento (Ministry of Infrastructure and Urban Planning). TINSA, a private entity, publishes a monthly house price index. General economic statistics are available from the Instituto Nacional de Estadistica.