The global house price to rent ratio presents significant variations across countries. In 2024, the Czech Republic tops the list with a ratio of 17.605, followed closely by Hungary and Luxembourg with ratios of 17.401 and 17.275 respectively. These high ratios suggest a more expensive housing market relative to renting. Conversely, countries like Finland (9.976), South Africa (10.383), and Italy (10.418) demonstrate comparatively lower ratios, indicating that renting might be more economical than owning homes in these regions.
Canada's house price to rent ratio increased by 2.72% year-on-year in 2023, indicating a rise in home prices relative to rents. This could be reflective of overall economic growth or increased demand for housing in Canada.
Future trends to watch include potential shifts in housing markets due to economic factors such as inflation, interest rates, and changes in housing policies. Additionally, post-pandemic recovery might affect rental demand and thus impact these ratios. Monitoring these metrics will be crucial for investors and policymakers to make informed decisions in the real estate sector globally.
Top countries in House Price to Rent Ratio by Country
| # | 10 Countries | Indexes | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 176.05 | 2022 | +11.43% | +8.74% | View data |
| 2 | 2 Hungary | 174.01 | 2022 | +10.76% | +8.2% | View data |
| 3 | 3 Luxembourg | 172.75 | 2022 | +7.69% | +9.5% | View data |
| 4 | 4 Latvia | 167.96 | 2022 | +10.67% | +6.94% | View data |
| 5 | 5 Portugal | 164.22 | 2022 | +9.69% | +7.59% | View data |
| 6 | 6 Slovakia | 162.22 | 2022 | +9.21% | +7.62% | View data |
| 7 | 7 Netherlands | 161.09 | 2022 | +11.37% | +8.18% | View data |
| 8 | 8 Iceland | 159.51 | 2022 | +15.44% | +5.67% | View data |
| 9 | 9 Russia | 154.35 | 2021 | +16.5% | +9.03% | View data |
| 10 | 10 New Zealand | 149.2 | 2022 | -3.48% | +5.09% | View data |