The Global House Price to Income Ratio by country shows significant disparities. Luxembourg leads with a ratio of 15.378, indicating high housing affordability issues. Following closely are Portugal (14.815) and Czech Republic (14.201). The Netherlands, Austria, and Canada also showcase ratios above 13.5. Conversely, countries such as Romania (7.007) and Bulgaria (8.282) exhibit lower ratios, suggesting relatively better housing affordability. Canada's ratio increased by 2.31% in 2023, reflecting tightening housing markets. In 2024, forecasted data indicates ongoing upward trends, especially in Western Europe and North America.
Future trends to watch include potential regulatory changes, shifts in interest rates, and urbanization effects. Monitoring economic factors and housing policies will be crucial for assessing future affordability pressures.
Top countries in House Price to Income Ratio by Country
| # | 10 Countries | Indexes | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Luxembourg | 153.78 | 2022 | +4.66% | +7.54% | View data |
| 2 | 2 Portugal | 148.15 | 2022 | +4.7% | +6.26% | View data |
| 3 | 3 Czech Republic | 142.01 | 2022 | +5.68% | +5.58% | View data |
| 4 | 4 Netherlands | 140.77 | 2022 | +5.16% | +5.35% | View data |
| 5 | 5 Austria | 138.25 | 2022 | +1.64% | +5.07% | View data |
| 6 | 6 Canada | 136.92 | 2023 | -5.16% | +2.31% | View data |
| 7 | 7 New Zealand | 135.59 | 2022 | -0.41% | +3.98% | View data |
| 8 | 8 United States | 133.88 | 2022 | +14.29% | +4.92% | View data |
| 9 | 9 Germany | 133.28 | 2022 | -0.16% | +4.31% | View data |
| 10 | 10 Hungary | 128.42 | 2022 | +3.7% | +3.24% | View data |