House Prices/GDP per Capita in Bulgaria compared to Europe
Bulgaria: 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.
Bulgaria began to produce quarterly house price statistics in Q1 1993. The figures are issued by the National Statistical Office. Interest rate and other macroeconomic and monetary statistics are on the Bulgarian National Bank site.