House price-to-rent ratio in Europe by country
House price-to-rent ratio across Europe ranges from 169.1 (Spain) down to 90.3 (Finland). Periods shown: Q4 2025 · Q2 2026.
The OECD’s house price-to-rent ratio compares house prices with rents. It is shown as a percentage of the country’s own long-term average, so 100 is that average and a value above 100 means the ratio is above its long-term average.
| 12-mo trend | ||||
|---|---|---|---|---|
| 🇪🇸Spain | 169.1Q2 2026 | ▲ 3.2 | ▲ 14.6 | ▲ |
| 🇳🇴Norway | 165.4Q2 2026 | ▼ 0.8 | ▲ 1.2 | ▲ |
| 🇳🇱Netherlands | 157.3Q4 2025 | ▲ 0.2 | ▲ 1.9 | ▲ |
| 🇩🇰Denmark | 156.4Q2 2026 | ▲ 2.4 | ▲ 9.6 | ▲ |
| 🇵🇹Portugal | 154.8Q2 2026 | ▲ 3.0 | ▲ 15.1 | ▲ |
| 🇸🇪Sweden | 146.4Q2 2026 | ▲ 1.7 | ▲ 2.0 | ▲ |
| 🇧🇪Belgium | 139.3Q2 2026 | ▼ 0.2 | ▼ 1.7 | ▼ |
| 🇨🇭Switzerland | 131.2Q2 2026 | ▲ 1.3 | ▲ 4.1 | ▲ |
| 🇬🇷Greece | 129.9Q4 2025 | ▲ 0.5 | 0.0 | ▲ |
| 🇫🇷France | 126.7Q2 2026 | ▼ 1.6 | ▼ 3.1 | ▼ |
| 🇮🇪Ireland | 115.1Q2 2026 | ▼ 1.1 | ▲ 1.3 | ▲ |
| 🇦🇹Austria | 111.5Q4 2025 | ▲ 0.7 | ▼ 1.6 | ▼ |
| 🇩🇪Germany | 110.7Q2 2026 | ▼ 1.0 | ▼ 1.6 | ▼ |
| 🇮🇹Italy | 93.4Q4 2025 | ▲ 0.3 | 0.0 | ▼ |
| 🇫🇮Finland | 90.3Q2 2026 | ▼ 0.9 | ▼ 2.5 | ▼ |
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Source: OECD (Analytical house prices indicators) · modifications: none
Frequently asked questions
- Which European country has the highest house price-to-rent ratio?
- Spain, at 169.1.
- Which European country has the lowest house price-to-rent ratio?
- Finland, at 90.3.
- What is the euro-area average house price-to-rent ratio?
- A euro-area aggregate is not available for this indicator.