Global Property Guide

Financial Information for the Residential Property Buyer

Footnote | Export Sort: Alphabetically | Ascending Rank | Descending Rank

Click name of country for detailed information
Russia 164.48x
Ukraine 158.30x
Moldova 62.77x
UK 62.51x
Turkey 52.51x
Serbia 51.91x
France 41.56x
Italy 34.30x
Austria 32.40x
Poland 28.02x
Macedonia 26.71x
Montenegro 25.88x
Czech Rep. 25.66x
Hungary 24.65x
Portugal 23.96x
Slovak Rep. 23.29x
Malta 22.40x
Bulgaria 21.85x
Romania 20.78x
Spain 20.46x
Latvia 20.25x
Croatia 20.16x
Lithuania 19.73x
Greece 19.55x
Finland 18.85x
Netherlands 18.74x
Switzerland 17.71x
Germany 17.37x
Sweden 16.96x
Slovenia 16.72x
Estonia 15.03x
Norway 14.55x
Denmark 9.87x
Belgium 9.09x
Cyprus 8.16x
Luxembourg 5.49x

Europe: 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.

European statistics. European house price and other economic statistics vary in quality. It is often a surprise to non-Europeans to discover that swathes of this rich, highly developed continent are not covered by good housing statistics.

Northern European countries have generally good house price time-series. In particular, all the Scandinavian countries generate excellent house price statistics. In the Baltics the situation is improving rapidly. Latvia generates an official annual house price time-series, and the realtor Latio publishes a monthly index. Lithuania has no official house price or rents time-series, but the firm Inreal publishes annual prices and rents for Vilnius for a few years. Estonia has high-quality housing statistics, generated by the Statistical Office of Estonia (SOE). Data on house prices, house sales and construction activities, as well as general economics statistics are all available from the SOE.

Central Europe is mixed. German house price statistics are weak. France has very good statistics, the Netherlands has good data, Belgium and Austria have acceptable data. Spain has made giant strides, Portugal is weaker.

Southern Europe tends to have weak statistical data. There is a particular lack of housing statistics in Italy, Greece, and Turkey (though Italy has some private, for-sale, data generators).

Statistics in Eastern Europe are weak. Efforts are being made to change this, for instance Bulgaria began publishing a house price time-series in 2006. Aside from this, the Czech Republic has an official index, and in Poland, REAS Konsulting produces a for-sale index.