House Prices/GDP per Capita in Denmark compared to Europe
Denmark: 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.
Denmark generates good house price data. Prices of new and existing dwellings are published by the StatBank Denmark, both monthly and quarterly. The Association of Danish Mortgage Banks also publishes quarterly house statistics. General economics statistics are available from the National Bank of Denmark and the StatBank Denmark.