Southern Europe: Property Prices Index by City 2023 Mid-Year

Chart: Price to Income Ratio
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Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Belgrade, Serbia 21.4 4.6 4.9 21.9 20.5 192.0 0.5
Milan, Italy 19.6 3.5 4.3 28.8 23.4 138.2 0.7
Lisbon, Portugal 19.1 4.9 5.7 20.5 17.4 130.3 0.8
Cascais, Portugal 18.4 4.5 4.9 22.0 20.3 128.9 0.8
Novi Sad, Serbia 18.0 3.9 4.1 25.5 24.4 154.9 0.6
Zadar, Croatia 17.9 3.4 2.9 29.5 34.1 133.6 0.7
Tirana, Albania 17.0 4.7 5.8 21.1 17.2 136.2 0.7
Dubrovnik, Croatia 16.9 2.7 2.4 36.9 41.6 126.8 0.8
Rome, Italy 15.7 3.3 4.5 30.4 22.3 108.6 0.9
Florence, Italy 15.4 3.4 3.8 29.4 26.5 110.5 0.9
Pristina, Kosovo (Disputed Territory) 15.4 3.9 5.6 25.5 18.0 124.2 0.8
Split, Croatia 15.1 2.9 2.9 34.1 34.1 100.1 1.0
Zagreb, Croatia 15.1 3.0 3.4 33.0 29.5 105.7 0.9
Skopje, North Macedonia 14.8 3.5 3.5 28.9 28.8 114.0 0.9
Banja Luka, Bosnia And Herzegovina 14.4 2.9 3.0 33.9 32.8 108.0 0.9
Ljubljana, Slovenia 14.4 3.5 3.6 28.8 27.5 89.4 1.1
Nis, Serbia 14.0 3.5 3.5 28.2 28.3 119.5 0.8
Athens, Greece 13.9 4.2 4.0 23.7 25.0 105.6 0.9
Tuzla, Bosnia And Herzegovina 13.6 2.5 2.6 39.9 38.2 94.4 1.1
Rijeka, Croatia 12.7 3.6 3.4 28.1 29.0 96.7 1.0
Sarajevo, Bosnia And Herzegovina 12.7 2.4 2.8 41.4 35.9 85.6 1.2
Thessaloniki, Greece 12.6 4.1 4.8 24.2 20.8 94.6 1.1
Podgorica, Montenegro 12.2 5.0 4.7 19.9 21.4 108.3 0.9
Sliema, Malta 11.9 5.3 5.7 18.9 17.6 92.5 1.1
Larissa, Greece 11.4 3.1 2.9 31.9 34.7 85.7 1.2
Barcelona, Spain 11.3 4.5 5.4 22.4 18.7 73.4 1.4
Naples, Italy 11.2 3.5 4.5 28.4 22.0 73.8 1.4
Bolzano-Bozen, Italy 11.1 3.4 3.5 29.6 28.9 75.0 1.3
Osijek, Croatia 10.9 3.7 3.0 27.1 33.4 80.9 1.2
Palma de Mallorca, Spain 10.8 4.1 5.6 24.2 17.8 75.0 1.3
Bologna, Italy 10.8 4.3 4.7 23.5 21.2 73.4 1.4
Bitola, North Macedonia 10.6 4.3 3.7 23.1 27.4 89.6 1.1
Coimbra, Portugal 10.0 5.4 6.1 18.4 16.4 77.7 1.3
Bari, Italy 9.6 4.0 4.6 25.1 21.9 68.5 1.5
Cagliari, Italy 8.8 4.7 5.3 21.4 18.9 66.3 1.5
Treviso, Italy 8.6 4.8 5.6 20.9 17.8 63.4 1.6
Rimini, Italy 8.4 4.3 4.9 23.1 20.5 58.8 1.7
Turin, Italy 8.3 4.1 5.6 24.3 17.8 56.3 1.8
Seville (Sevilla), Spain 8.1 4.1 5.5 24.6 18.0 55.4 1.8
Porto, Portugal 8.0 7.3 8.4 13.7 12.0 52.3 1.9
Malaga, Spain 7.9 4.6 5.7 21.6 17.5 53.9 1.9
Maribor, Slovenia 7.5 4.1 4.2 24.3 23.7 50.3 2.0
Granada, Spain 7.3 4.2 4.7 23.7 21.4 49.8 2.0
Madrid, Spain 7.1 5.0 5.6 20.2 17.7 43.3 2.3
Santa Cruz de Tenerife, Spain 7.0 6.8 7.3 14.7 13.6 47.9 2.1
Catania, Italy 6.9 5.6 6.1 17.8 16.5 50.1 2.0
Alicante, Spain 6.4 6.5 7.2 15.3 13.9 43.7 2.3
Palermo, Italy 5.4 6.3 5.7 15.8 17.4 37.3 2.7
Valencia, Spain 4.3 7.7 9.6 13.0 10.4 26.7 3.8