House Prices/GDP per Capita in Turkey compared to Europe

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Austria 32.40x
Belgium 9.53x
Bulgaria 27.95x
Croatia 20.16x
Cyprus 8.91x
Czech Rep. 44.81x
Denmark 9.87x
Estonia 22.24x
Finland 18.85x
France 41.56x
Germany 17.37x
Greece 24.87x
Hungary 24.65x
Italy 26.78x
Latvia 24.59x
Lithuania 18.01x
Luxembourg 5.49x
Macedonia 26.71x
Malta 22.40x
Moldova 62.77x
Montenegro 25.88x
Netherlands 18.74x
Norway 14.55x
Poland 28.02x
Portugal 23.96x
Romania 22.22x
Russia 87.39x
Serbia 51.91x
Slovak Rep. 21.88x
Slovenia 20.93x
Spain 23.24x
Sweden 16.96x
Switzerland 17.71x
Turkey 52.51x
UK 65.57x
Ukraine 158.30x

Turkey: 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.


Turkey does not publish official house price or rents time-series. The best source for house price statistics is REIDIN, which has a monthly composite house sales price index starting June 2007. General economics statistics for Turkey come from the Turkish Central Bank, State Planning Organization, and Turkish Treasury.