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May 22, 2008  globallongwavecycles.blogspot.com

Price to rent ratio/ Price to income ratio

Annex Table 60. House price ratios
Long-term average = 100
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Price-to-rent ratio
United States 96.1 93.0 92.0 90.9 89.8 89.4 89.7 90.0 91.6 93.4 96.7 100.6 103.6 108.1 116.4 128.2 134.8
Japan 133.3 134.9 125.8 117.3 112.0 108.1 104.5 101.6 99.4 96.3 92.5 88.5 84.5 80.0 75.2 71.7 69.5
Germany 92.3 88.6 84.9 83.1 83.1 82.1 81.3 78.6 77.0 74.8 72.5 71.7
France 82.8 81.6 81.6 85.9 93.5 100.5 106.1 115.4 129.3 143.9 155.9
Italy 93.0 83.2 80.7 82.5 87.1 92.2 98.8 106.0 113.4 119.2 123.7
United Kingdom 106.9 95.5 87.1 83.8 82.2 79.7 80.1 85.6 94.3 102.3 116.0 122.6 138.8 157.7 170.1 168.9 164.3
Canada 100.7 100.1 102.0 106.2 112.1 104.5 104.8 109.8 109.1 112.4 113.3 115.6 127.4 138.1 150.1 163.6 179.1
Australia 91.8 91.1 91.8 93.7 96.4 96.0 93.9 94.8 98.8 103.2 108.4 116.8 135.5 157.2 163.4 162.2 169.3
Denmark 78.2 75.9 72.4 69.6 75.9 80.0 87.4 94.9 101.5 105.5 109.4 112.8 113.9 114.5 121.2 139.1 165.8
Spain 134.2 140.4 128.8 117.6 113.1 110.9 105.9 104.0 104.0 107.4 111.3 116.9 130.9 150.6 171.2 188.2 198.5
Finland 117.6 112.5 124.9 133.0 139.8 144.0 151.4
Ireland 45.7 44.7 42.6 46.0 51.2 51.6 59.4 68.1 86.6 120.5 127.8 118.7 132.3 158.4 171.9 179.3 172.9
Korea 133.6 132.2 115.1 105.0 99.0 94.6 91.9 91.6 81.3 83.3 85.0 85.0 94.3 99.2 98.1 98.8 103.9
Netherlands 71.1 70.1 72.1 74.0 79.2 81.3 87.3 94.6 102.1 115.1 130.2 140.4 147.8 149.9 151.5 154.9 158.4
Norway 69.0 67.7 75.7 79.3 85.2 93.0 100.9 108.7 120.8 124.1 124.7 122.2 131.6 139.3 154.4
New Zealand 91.7 87.3 88.1 88.5 94.0 96.5 101.6 104.5 100.4 103.1 100.8 103.3 109.6 124.2 137.5 149.2 156.9
Sweden 108.6 96.8 81.1 68.3 70.2 68.8 68.6 74.4 83.7 93.0 103.0 108.7 112.8 119.3 130.9 142.7 157.6
Switzerland 132.8 118.7 106.2 95.8 95.1 90.4 84.5 81.1 80.4 79.7 79.3 78.6 81.4 83.6 84.5 84.3 84.7
Price-to-income ratio
United States 94.6 93.0 90.6 90.3 88.8 87.9 87.6 87.1 86.8 88.0 88.5 92.8 95.8 99.2 103.8 112.7 116.6
Japan 118.1 115.5 107.9 101.8 97.6 95.9 95.0 92.2 90.7 88.8 87.2 86.5 82.7 79.6 74.2 70.5 67.5
Germany 90.5 88.1 85.1 82.8 81.6 79.5 76.6 74.6 72.4 69.6 67.0 65.7
France 85.5 83.9 82.9 86.8 89.7 92.5 96.1 105.2 116.5 130.2 140.4
Italy 104.2 103.3 96.5 91.2 82.8 78.2 78.9 82.1 85.9 88.2 93.0 99.7 106.1 111.1 114.6
United Kingdom 112.7 101.3 90.4 83.8 83.2 79.2 77.8 79.7 85.5 91.0 99.2 101.0 113.6 126.0 136.4 136.5 140.1
Canada 101.9 104.4 104.4 105.2 108.4 100.9 100.5 100.6 96.0 95.8 93.5 94.4 101.4 107.8 113.1 120.2 126.7
Australia 98.5 101.1 99.3 98.8 97.3 93.6 90.5 92.6 97.6 100.6 102.1 108.8 126.2 145.3 144.5 139.2 142.6
Denmark 81.5 78.8 75.4 74.7 81.2 80.8 87.4 95.8 100.4 108.7 112.5 112.6 113.5 113.3 118.0 134.6 154.4
Spain 120.3 123.8 115.2 108.4 107.2 99.4 96.6 96.0 96.5 98.4 99.1 102.7 114.6 131.2 144.4 154.3 158.8
Finland 94.0 87.4 92.1 92.7 93.8 97.9 104.3
Ireland 84.2 81.2 79.4 75.0 77.7 75.4 79.9 87.6 103.0 118.3 124.4 119.9 123.5 134.7 143.1 147.7 155.4
Korea 165.2 148.4 123.6 108.5 91.8 82.6 74.3 71.6 63.2 59.7 58.6 58.8 65.1 68.5 66.0 64.1 64.8
Netherlands 70.6 72.1 73.8 80.7 86.6 89.7 96.1 102.0 108.6 122.2 134.8 136.7 145.6 153.3 157.4 163.4 167.2
Norway 72.5 69.4 77.4 78.9 82.4 87.2 89.9 96.3 105.0 110.5 106.5 101.3 107.4 109.6 127.6
New Zealand 83.1 80.1 82.2 84.1 93.9 96.0 101.9 103.9 98.4 94.4 95.4 92.2 101.8 115.3 132.1 147.7 152.6
Sweden 100.9 95.1 82.2 71.9 74.2 72.9 73.5 77.5 82.8 87.2 91.9 91.6 92.9 96.5 103.5 109.9 119.3
Switzerland 123.5 113.9 104.8 97.4 96.2 90.0 84.8 81.6 79.3 77.6 74.9 73.2 77.9 79.7 80.5 79.1 78.2
Source: Various national sources and Nomisma, see table A.1 in Girouard, N., M. Kennedy, P. van den Noord and C. André, "Recent house price developments: the role
of fundamentals", OECD Economics Department Working Papers, No. 475, 2006 and OECD estimates.
 
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