In 2024, New Zealand leads globally in the House Standardised Price-Income Ratio at 170.35, followed closely by Canada and Australia. The ratio remains high across several developed economies, with Canada showing a 2.31% increase in 2023. Despite this, Germany, South Africa, and Finland maintain lower ratios, indicating relatively more affordable housing. Japan exhibits the lowest ratio, suggesting a more balanced market relative to income.
Future trends to watch include potential policy measures by governments to stabilize housing affordability, varying impacts of inflation on housing markets, and the ongoing effects of global economic conditions on housing demand and prices.
Top countries in House Standardised Price-Income Ratio by Country
| # | 10 Countries | Ratios | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 New Zealand | 170.35 | 2022 | -0.41% | +3.98% | View data |
| 2 | 2 Canada | 162.37 | 2023 | -5.16% | +2.31% | View data |
| 3 | 3 Australia | 149.6 | 2022 | +3.91% | +0.96% | View data |
| 4 | 4 Netherlands | 147.95 | 2022 | +5.16% | +5.35% | View data |
| 5 | 5 Austria | 145.83 | 2022 | +1.64% | +5.07% | View data |
| 6 | 6 Sweden | 144.6 | 2022 | -2.26% | +0.29% | View data |
| 7 | 7 Norway | 139.67 | 2022 | +4.41% | +1.64% | View data |
| 8 | 8 Belgium | 136.02 | 2022 | -1.04% | +1.18% | View data |
| 9 | 9 United Kingdom | 135.93 | 2022 | +4.6% | +2.1% | View data |
| 10 | 10 France | 128.98 | 2022 | +1.78% | +2.1% | View data |
