The house-price-to-income ratio in the Netherlands was equal to 146.1 index points in the third quarter of 2022, making it one of the countries worldwide, where house prices have risen the most in comparison to income in recent years. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. Overall, house prices grew faster than incomes in most of the countries.
Spotlight on the Netherlands
House prices varied widely across different provinces in the Netherlands, with Utrecht, North Holland, and South Holland being the most expensive provinces for a home purchase. In Utrecht, the average house price was double the price of a comparable property in the most affordable province, Drenthe.
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OECD. (May 22, 2023). House-price-to-income ratio in selected countries worldwide in 4th quarter 2022, by country [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/237529/price-to-income-ratio-of-housing-worldwide/
OECD. "House-price-to-income ratio in selected countries worldwide in 4th quarter 2022, by country." Chart. May 22, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/237529/price-to-income-ratio-of-housing-worldwide/
OECD. (2023). House-price-to-income ratio in selected countries worldwide in 4th quarter 2022, by country. Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/237529/price-to-income-ratio-of-housing-worldwide/
OECD. "House-price-to-income Ratio in Selected Countries Worldwide in 4th Quarter 2022, by Country." Statista, Statista Inc., 22 May 2023, https://www.statista.com/statistics/237529/price-to-income-ratio-of-housing-worldwide/
OECD, House-price-to-income ratio in selected countries worldwide in 4th quarter 2022, by country Statista, https://www.statista.com/statistics/237529/price-to-income-ratio-of-housing-worldwide/ (last visited June 18, 2024)
House-price-to-income ratio in selected countries worldwide in 4th quarter 2022, by country [Graph], OECD, May 22, 2023. [Online]. Available: https://www.statista.com/statistics/237529/price-to-income-ratio-of-housing-worldwide/