House prices versus rent by country
Every economy Bullrun holds a reading for: 17 in all, ranked highest first. New Zealand is the highest at +70.56% and Finland the lowest at -9.66%; the median is +39.25%. Each row carries its own period and source, because these providers publish on different calendars - two rows in this table can be more than a year apart.
- Economies covered17
- Highest+70.56% New Zealand
- Lowest-9.66% Finland
- Median+39.25%
House prices versus rent by country, ranked
| # | Economy | Price-to-rent vs norm | Band | Period | Source |
|---|---|---|---|---|---|
| 1 | New Zealand | +70.56% | Very stretched | 2026-Q1 | OECD |
| 2 | Spain | +69.04% | Very stretched | 2026-Q2 | OECD |
| 3 | Norway | +65.34% | Very stretched | 2026-Q2 | OECD |
| 4 | Canada | +57.89% | Very stretched | 2026-Q3 | OECD |
| 5 | Denmark | +56.37% | Very stretched | 2026-Q2 | OECD |
| 6 | Portugal | +54.82% | Stretched | 2026-Q2 | OECD |
| 7 | Colombia | +50.65% | Stretched | 2026-Q1 | OECD |
| 8 | Sweden | +46.37% | Stretched | 2026-Q2 | OECD |
| 9 | Belgium | +39.25% | Stretched | 2026-Q2 | OECD |
| 10 | Israel | +38.99% | Stretched | 2026-Q2 | OECD |
| 11 | Switzerland | +31.17% | Stretched | 2026-Q2 | OECD |
| 12 | United Kingdom | +30.88% | Stretched | 2026-Q2 | OECD |
| 13 | France | +26.70% | Stretched | 2026-Q2 | OECD |
| 14 | Ireland | +15.10% | Near norm | 2026-Q2 | OECD |
| 15 | Germany | +10.68% | Near norm | 2026-Q2 | OECD |
| 16 | South Korea | +7.22% | Near norm | 2026-Q2 | OECD |
| 17 | Finland | -9.66% | Below norm | 2026-Q2 | OECD |
How the scale reads
| Band | What it means | Economies |
|---|---|---|
| < -20% | Far below norm - far below this country's own long-run average | 0 |
| -20 to 0% | Below norm | 1 |
| 0 to +25% | Near norm | 3 |
| +25 to +55% | Stretched | 8 |
| > +55% | Very stretched | 5 |
These are the same bands that shade the map on the Global Markets dashboard, so a country's colour there and its band here always agree.
What this measures
How far the price-to-rent ratio sits above or below that economy's OWN long-run average, in percent - buying priced against renting, the housing equivalent of a price-to-earnings ratio. Same 17-economy coverage and the same own-history scoring as the income measure, and the two disagree wherever rents and incomes have moved apart. The bands differ from the income measure's because price-to-rent runs about double price-to-income almost everywhere: rents are sticky and often regulated, prices are not.
Source: OECD analytical house price indicators. Coverage differs from metric to metric because these providers cover different sets of economies, and a gap is left as a gap rather than filled from a proxy - an absent economy is one we hold no reading for, never a zero. See the data license.
Other metrics by country
Global markets dashboard · Every economy scored · Screen stocks by country