Africa: Price/rent ratio
This ratio is typically used to measure the undervaluation/overvaluation of real estate prices. It is calculated by dividing the average house price by the average yearly rent. Essentially, it provides information about the number of years it would take to recoup our investment in the current market situation. Generally, any value up to 20 could be considered a potential investment market, with lower values being more favorable. However, this calculation does not account for taxes or other costs associated with the purchase and rental process.
When were these data collected?
Click on individual countries to view the data collection date.