× Europe Regional Statistics Square Meter Prices Rental Yields Rents Price/Rent Ratio Price/GDP per Cap Buy/Sell Costs Rental Income Tax Capital Gains Tax Price Change 1 yr Price Change 5 yrs Price Change 10 yrs Landlord & Tenant Law GDP Per Capita GDP/Cap Growth 1 yr GDP/Cap Growth 5 yrs Economic Freedom Competitiveness Property Rights Index Currency +/- Value Taxes on Residents Move to Region ... Asia Europe Africa Caribbean Pacific Middle East North America Latin America House Prices/GDP per Capita in Europe Home Europe House Prices/GDP per Capita Footnote | Export Sort: Alphabetically | Ascending Rank | Descending Rank Click name of country for detailed information Russia 164.48x Ukraine 158.30x Moldova 62.77x UK 62.51x Serbia 51.91x France 41.56x Italy 34.30x Austria 32.40x Turkey 29.06x Poland 28.02x Macedonia 26.71x Montenegro 25.88x Czech Rep. 25.66x Hungary 24.65x Portugal 23.96x Slovak Rep. 23.29x Malta 22.40x Bulgaria 21.85x Romania 20.78x Spain 20.46x Latvia 20.25x Croatia 20.16x Lithuania 19.73x Greece 19.55x Finland 18.85x Netherlands 18.74x Switzerland 17.71x Sweden 16.96x Slovenia 16.72x Estonia 15.03x Norway 14.55x Germany 12.72x Denmark 9.87x Belgium 9.09x Cyprus 8.16x Luxembourg 5.49x 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.