Housing affordability: Housing prices (OECD)
Housing prices capture the financial burden of purchasing a dwelling. Housing prices compared to income illustrate the affordability of owning a dwelling.
The Organisation for Economic Co-Operation and Development (OECD) Affordable Housing Database publication includes the price-to-income ratio and the real house price index of housing in the OECD countries. The price-to-income ratio is calculated by dividing nominal house prices by nominal disposable income per head, using 2010 as a base year. The real house price index is calculated with nominal house prices deflated by a private consumption deflator, also using 2010 as a base year. The indicators are based on national and sub-national house price indices.
OECD data are also used in the following dashboard menu options: Social rental housing stock (OECD), Household tenure (OECD), Home ownership (OECD), Housing stock and construction (OECD) and Housing costs (OECD).
See the OECD Affordable Housing Database (http://www.oecd.org/social/affordable-housing-database.htm) for further information, including definitions, methods commentary and analysis, in particular data and comparability issues. Source tables HM1.2.A1 and HM1.2.A2.