The house price to rent index in Mexico has risen quarter on quarter since 2015, suggesting that property prices have grown faster than rents. The index is calculated by dividing the median house price by the median annual rent, with 2015 chosen as a base year. In the fourth quarter of 2023, the house price to rent index amounted to 156.6 index points, meaning that house price growth outpaced rental growth by 57 percent.
House price to rent ratio index in Mexico from 1st quarter 2015 to 4th quarter 2023
What does the house price to rent ratio index measure?
The house-price-to-rent-ratio measures the evolution of house prices compared to rents. It is calculated by dividing the median house price by the median annual rent. In this statistic, the values have been normalized with 100 equaling the 2015 ratio. Consequentially, a value under 100 means that rental rates have risen more than house prices. Compared to the OECD countries average, the gap between house prices and rents in the United States was wider.
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OECD. (June 7, 2024). House price to rent ratio index in Mexico from 1st quarter 2015 to 4th quarter 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1472785/house-price-to-rent-ratio-mexico/
OECD. "House price to rent ratio index in Mexico from 1st quarter 2015 to 4th quarter 2023." Chart. June 7, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1472785/house-price-to-rent-ratio-mexico/
OECD. (2024). House price to rent ratio index in Mexico from 1st quarter 2015 to 4th quarter 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1472785/house-price-to-rent-ratio-mexico/
OECD. "House Price to Rent Ratio Index in Mexico from 1st Quarter 2015 to 4th Quarter 2023." Statista, Statista Inc., 7 Jun 2024, https://www.statista.com/statistics/1472785/house-price-to-rent-ratio-mexico/
OECD, House price to rent ratio index in Mexico from 1st quarter 2015 to 4th quarter 2023 Statista, https://www.statista.com/statistics/1472785/house-price-to-rent-ratio-mexico/ (last visited November 21, 2024)
House price to rent ratio index in Mexico from 1st quarter 2015 to 4th quarter 2023 [Graph], OECD, June 7, 2024. [Online]. Available: https://www.statista.com/statistics/1472785/house-price-to-rent-ratio-mexico/
