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OECD average. The source mentions that values over 100 indicate that the present price-rent ratio, or price-income ratio, is above its long-run norms. This provides an indication of possible housing market pressures. This ratio, based on the nominal purchase price of a house divided by the annual rent of a similar place, is normally used to show the undervaluation or overvaluation of real estate prices and aims to give an indication whether or not it is cheaper to buy or to rent residential property.
In 2020, the annual house price to rent ratio reached an index value of 118.8. As such, it was below the Annual house price to rent ratio in Belgium from 1977 to 2022
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OECD. (May 16, 2023). Annual house price to rent ratio in Belgium from 1977 to 2022 [Graph]. In Statista. Retrieved June 01, 2024, from https://www.statista.com/statistics/971373/house-price-to-rent-ratio-in-belgium/
OECD. "Annual house price to rent ratio in Belgium from 1977 to 2022." Chart. May 16, 2023. Statista. Accessed June 01, 2024. https://www.statista.com/statistics/971373/house-price-to-rent-ratio-in-belgium/
OECD. (2023). Annual house price to rent ratio in Belgium from 1977 to 2022. Statista. Statista Inc.. Accessed: June 01, 2024. https://www.statista.com/statistics/971373/house-price-to-rent-ratio-in-belgium/
OECD. "Annual House Price to Rent Ratio in Belgium from 1977 to 2022." Statista, Statista Inc., 16 May 2023, https://www.statista.com/statistics/971373/house-price-to-rent-ratio-in-belgium/
OECD, Annual house price to rent ratio in Belgium from 1977 to 2022 Statista, https://www.statista.com/statistics/971373/house-price-to-rent-ratio-in-belgium/ (last visited June 01, 2024)
Annual house price to rent ratio in Belgium from 1977 to 2022 [Graph], OECD, May 16, 2023. [Online]. Available: https://www.statista.com/statistics/971373/house-price-to-rent-ratio-in-belgium/