House Prices/GDP per Capita in United Kingdom compared to Europe

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Andorra 8.40x
Austria 22.37x
Belgium 7.60x
Bulgaria 17.72x
Croatia 14.10x
Cyprus 6.76x
Czech Rep. 31.44x
Denmark 7.83x
Estonia 14.50x
Finland 19.24x
France 36.46x
Germany 14.42x
Greece 22.13x
Hungary 16.61x
Italy 22.98x
Latvia 16.75x
Lithuania 11.45x
Luxembourg 4.21x
Macedonia 20.92x
Malta 17.06x
Moldova 22.52x
Monaco 31.79x
Montenegro 18.53x
Netherlands 69.79x
Norway 11.51x
Poland 19.41x
Portugal 19.57x
Romania 14.19x
Russia 64.22x
Serbia 30.12x
Slovak Rep. 17.12x
Slovenia 15.53x
Spain 20.50x
Sweden 14.39x
Switzerland 17.62x
Turkey 59.25x
UK 55.48x
Ukraine 71.98x

United Kingdom: 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.


The United Kingdom (UK) has monthly and quarterly house price time-series. The Land Registry has a monthly house price index. Nationwide, and the Halifax, and many other commercial organizations publish quality UK house price time-series. Construction activity is published by Office for National Statistics (ONS) and property transactions data by the Council of Mortgage Lenders (CML).

The rents situation is much less good, the only figures being from the Association of Registered Letting Agents (ARLA).