House Prices/GDP per Capita in Colombia compared to Latin America
Colombia: 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.
Colombian house price statistics ,
are from Colombia's central bank, Banco de la Republica Colombia. The time-series are quarterly, from 1988. There are no rentals statistics.
Colombia has good general economics statistics, also at the Banco de la Republica Colombia site. It has a well-organized statistical section with time-series concentrating on financial sector indicators.