In 2023, New Zealand leads with the highest price-rent ratio at 218.43, indicating a high disparity between house prices and rent. Canada follows at 198.47, with a recorded 2.72% increase in 2023, reflecting strong housing market dynamics. Australia, Sweden, and Norway also show high ratios, emphasizing housing affordability challenges. The U.S. maintains a middle position at 136.41, with most European countries showing moderate values, while Italy and Japan have the lowest ratios, suggesting more balanced markets.
Future trends to watch include potential corrections in high-ratio countries as markets react to economic changes. Interest rate shifts and economic policies could influence the price-rent ratios significantly, affecting affordability and housing demand globally.
Top countries in House Standardised Price-Rent Ratio by Country
| # | 10 Countries | Ratios | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 New Zealand | 218.43 | 2022 | -3.48% | +5.09% | View data |
| 2 | 2 Canada | 198.47 | 2023 | -7.88% | +2.72% | View data |
| 3 | 3 Australia | 186.56 | 2022 | +4.25% | +4.08% | View data |
| 4 | 4 Sweden | 180.23 | 2022 | +1.92% | +2.41% | View data |
| 5 | 5 Norway | 180.06 | 2022 | +3.04% | +2.99% | View data |
| 6 | 6 United Kingdom | 157.07 | 2022 | +6.02% | +3.47% | View data |
| 7 | 7 Netherlands | 156.75 | 2022 | +11.37% | +8.18% | View data |
| 8 | 8 Israel | 155.82 | 2022 | +14.29% | +4.23% | View data |
| 9 | 9 Belgium | 154.99 | 2022 | +2.05% | +2.64% | View data |
| 10 | 10 Colombia | 151.32 | 2022 | +4.43% | +2.73% | View data |
