House Prices/GDP per Capita in Sweden compared to Europe
Sweden: 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.
Sweden publishes excellent house price time-series. Statistics Sweden's web-site is a treasure-trove of data, and each new approach the user makes seems to yield different housing time-series, both annual and quarterly, generated by the National Statistical Institute. The same site also publishes general economic data.