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Price/GDP per Cap in Europe

Footnote | Export Sort: Alphabetically | Ascending Rank | Descending Rank

Click name of country for detailed information
Russia 100.84x
Ukraine 88.58x
UK 80.55x
Moldova 53.49x
Serbia 47.03x
Turkey 35.13x
France 29.36x
Macedonia 28.51x
Austria 27.33x
Montenegro 24.41x
Czech Rep. 22.24x
Hungary 22.00x
Romania 21.48x
Latvia 21.37x
Bulgaria 21.22x
Italy 20.76x
Poland 19.93x
Malta 19.37x
Spain 18.75x
Slovak Rep. 18.29x
Switzerland 17.51x
Finland 16.71x
Croatia 16.32x
Lithuania 15.83x
Estonia 15.61x
Greece 15.41x
Slovenia 15.18x
Sweden 14.94x
Netherlands 14.66x
Portugal 11.59x
Germany 11.24x
Ireland 10.60x
Denmark 8.97x
Cyprus 8.93x
Belgium 8.23x
Luxembourg 6.25x

Europe: 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.

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.


Title: Residential property markets and investments in Europe

Description: Opportunities in residential property investment in Europe. A comparison of European countries on the basis of rental yields, taxes and investment prospects.

Keywords: global property guide, property guide, global property, europe, rental yields, overseas property, property markets, property investments