House Prices/GDP per Capita in Uruguay compared to Latin America
Uruguay: 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 best source for Uruguay house price statistics is the Instituto Nacional de Estadistica (INE). Reporte Inmobiliario, a private entity, also publishes reports on the Uruguay property market, occasionally.
General economics statistics are also to be found at the Instituto Nacional de Estadistica, and the Banco Central del Uruguay.