Quarterly house price to income ratio in Greece 2012-2022
The house price ratio in Greece fluctuated between 2012 and 2022. 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. The index score in the second quarter of 2022 amounted to 108.1, which means that house price growth has outpaced income growth by eight percent since 2015. This was lower than the Euro area 16 average.
