Affordability of Apartments in Selected Economies1
(Price per square meter in percent of annual per capita income)
|MCD||Other Emerging Markets|
Sources: Price per square meter from www.globalpropertyguide.com
; and per capita income from IMF, World Economic Outlook
The affordability index shows the price per square meter of residential apartments (in U.S. dollars) for sale in prime locations in the administrative or financial capital relative to per capita income (converted at purchasing-power-parity-adjusted exchange rates). The property prices were collected in 2007, except for Korea, Mexico, and Tunisia (all 2005).