Footnote | Export Sort: Alphabetically | Ascending | Descending

Click name of country for detailed information
Monaco 40 yrs
Luxembourg 35 yrs
Switzerland 34 yrs
Germany 32 yrs
Austria 31 yrs
Denmark 30 yrs
Norway 28 yrs
Czech Rep. 26 yrs
Bosnia & H. 25 yrs
France 25 yrs
Belgium 24 yrs
Finland 24 yrs
Slovenia 24 yrs
Croatia 24 yrs
Malta 22 yrs
Slovak Rep. 22 yrs
Sweden 22 yrs
Estonia 22 yrs
Albania 21 yrs
Cyprus 21 yrs
Bulgaria 21 yrs
Netherlands 20 yrs
Hungary 20 yrs
Iceland 20 yrs
Portugal 19 yrs
Andorra 19 yrs
Macedonia 19 yrs
Greece 18 yrs
Serbia 18 yrs
Spain 18 yrs
Turkey 18 yrs
Montenegro 17 yrs
Romania 16 yrs
UK 16 yrs
Italy 16 yrs
Latvia 15 yrs
Moldova 15 yrs
Poland 15 yrs
Ireland 14 yrs
Lithuania 13 yrs

Europe: Price/rent ratio

This ratio is typically used for measuring undervaluation/overvaluation of real estate prices, calculated by dividing the average house price with the average yearly rent. In essence, it provides us with information about how many years it would take to earn back our investment in the current market situation. Usually, any value up to 20 could be considered as a potential investment market (the lower the value, the better). However, this does not take into account any taxes or other costs that are related to the purchase and rental process.

When wereas theise data collected? Click on individual countries to see the data collection date.

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.