House Prices/GDP per Capita in Egypt compared to Middle East
Egypt: 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.
Egypt does not publish official house price statistics. The monthly real estate index from a private entity, Aqarmap, are the best available statistics for Egyptian house prices. The Central Bank of Egypt (CBE) is the source of general economics statistics. The CBE releases a quarterly economic review and a monthly statistical bulletin.