House Prices/GDP per Capita in Chile compared to Latin America
Chile: 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.
Chile publishes house price statistics. through the Chilean Chamber of Construction (CChC). Reporte Inmobiliario, a private firm, also publishes reports on Chilean property market from time to time. General economics statistics are to be found at the Banco Central de Chile, the Instituto Nacional de Estadisticas, the Ministerio de Hacienda, and in the private sector Adimark and IMCE. Also of interest are the Sociedad de Economia de Chile and the Centro de Economia Aplicada.