About Property Value and Investment Indices At This Website
About Property Value and Investment Indices At This Website
Note that there is no standard formula to calculate property price indices. Our formulas differs from Case-Shiller Index, UK Housing Price Index, etc.
Price to Income Ratio is the basic measure for apartment purchase affordability (lower is better).
It is generally calculated as the ratio of median apartment prices to median familial disposable income, expressed as years of income (although variations are used also elsewhere).
Our formula assumes and uses:
- net disposable family income, as defined as
1.5 * the average net salary
(50% is assumed percentage of women in the workforce)
- median apartment size is 90 square meters
- price per square meter (the formula uses) is the average price of square meter in the city center and outside of the city center
Mortgage as Percentange of Income is a ratio of the actual monthly cost of the mortgage to take-home family income (lower is better).
Average monthly salary is used to estimate family income. It assumes 100% mortgage is taken on 20 years for the house(or apt) of 90 square meters which price
per square meter is the average of price in the city center and outside of city center.
Loan Affordability Index is an inverse of mortgage as percentage of income. Used formula is : (100 / mortgage as percentage of income)
(higher is better).
Price to Rent Ratio is the average cost of ownership divided by the received rent income (if buying to let) or
the estimated rent that would be paid if renting (if buying to reside).
Lower values suggest that it is better to buy rather than rent, and higher values suggest that it is better to rent rather than buy.
Our formula to estimate rent per square meter assumes 1 bedroom apt has 50 square meters
and 3 bedroom apartment has 110 square meters. It doesn't take into account taxes or maintenance fees.
Gross Rental Yield is the total yearly gross rent divided by the house price (expressed in percentages). Higher is better.
Ten en cuenta que no existe una fórmula única para calcular índices de precios inmobiliarios. Nuestras fórmulas difieren del Índice Case-Shiller, el UK Housing Price Index, etc.
La Relación Precio/Renta es la estimación básica de la asequibilidad de compra de un apartamento (cuanto más baja mejor).
Generalmente se calcula como la relación media del precio de los apartamentos respecto a la renta media, expresada en años de ingresos (aunque también se emplean variantes).
Nuestra fórmula asume y utiliza lo siguiente:
- ingresos familiares netos disponibles, definidos como
1.5* del salario neto medio
(asumiendo que las mujeres conforman el 50% de la población activa)
- las dimensiones medias de un apartamento como 90 metros cuadrados
- precio por metro cuadrado (según la fórmula) es el precio medio del metro cuadrado en el centro urbano y a las afueras de la ciudad
Hipoteca como Porcentaje de Renta es la estimación del costo real mensual de la hipoteca sobre los ingresos familiares disponibles (cuanto más baja mejor).
Se utiliza el salario medio mensual para estimar la renta familiar. Se asume que el 100% del valor de la hipoteca está distribuido a lo largo de 20 años para cubrir el precio de una casa (o apto.) de 90 metros cuadrados, donde el precio
por metro cuadrado está ajustado para la media del centro urbano o las afueras de la ciudad.
Índice de Acceso a Crédito es la relación inversa de la hipoteca como porcentaje de los ingresos. La fórmula utilizada es: (100 / hipoteca como porcentaje de renta)
(cuanto más alto mejor).
Relación Precio/Alquiler es el costo medio de propiedad dividido entre los ingresos por arrendamiento (si se compra para alquilar) o
la previsión del alquiler a pagar (si se compra para residir).
Valores más bajos indican que es mejor comprar que alquilar, mientras que valores más altos sugieren que es preferible alquilar que comprar.
Nuestra fórmula para calcular el alquiler por metro cuadrado asume que un apartamento con 1 dormitorio tiene 50 metros cuadrados
y un apartamento con 3 dormitorios tiene 110 metros cuadrados. No toma en consideración impuestos o costes de mantenimiento.
Rendimiento Bruto del Alquiler es el total del alquiler bruto anual dividido por el precio de la casa (expresado en porcentajes). Cuanto más alto mejor.
Note that there is no standard formula to calculate property price indices. Our formulas differs from Case-Shiller Index, UK Housing Price Index, etc.
Price to Income Ratio is the basic measure for apartment purchase affordability (lower is better).
It is generally calculated as the ratio of median apartment prices to median familial disposable income, expressed as years of income (although variations are used also elsewhere).
Our formula assumes and uses:
- net disposable family income, as defined as
1.5 * the average net salary
(50% is assumed percentage of women in the workforce)
- median apartment size is 90 square meters
- price per square meter (the formula uses) is the average price of square meter in the city center and outside of the city center
Mortgage as Percentange of Income is a ratio of the actual monthly cost of the mortgage to take-home family income (lower is better).
Average monthly salary is used to estimate family income. It assumes 100% mortgage is taken on 20 years for the house(or apt) of 90 square meters which price
per square meter is the average of price in the city center and outside of city center.
Loan Affordability Index is an inverse of mortgage as percentage of income. Used formula is : (100 / mortgage as percentage of income)
(higher is better).
Price to Rent Ratio is the average cost of ownership divided by the received rent income (if buying to let) or
the estimated rent that would be paid if renting (if buying to reside).
Lower values suggest that it is better to buy rather than rent, and higher values suggest that it is better to rent rather than buy.
Our formula to estimate rent per square meter assumes 1 bedroom apt has 50 square meters
and 3 bedroom apartment has 110 square meters. It doesn't take into account taxes or maintenance fees.
Gross Rental Yield is the total yearly gross rent divided by the house price (expressed in percentages). Higher is better.
These formula as written in Java programming language is as follows:
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