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The study was put together by the Organization for Economic Cooperation and Development (OECD). The body has 34 member countries, including the countries of the West and the developing world.
OECD sees house prices relative to wages, the ratio is compared with the historical average. A "price-to-income index" number 0, for example, means that affordability is not higher or lower than the average long-term. A negative number means that the property is relatively more affordable to income from the historical norm.
This slideshow features the top 10, and the countdown to the most affordable of all countries.
As part of the study, the OECD also capture how visible against the rental price. The figures, included in a wider report on the economic outlook in May, offers a signal to which the buyer may be able to find cheaper property - and countries where they can pay more.
Prices in the UK are above the norm relative to long-term leases and revenue, suggesting the market is overheating.
But some Commonwealth countries were found to have the property market wildest overvalued among OECD countries. They include New Zealand, Australia and Canada.
Spain - The countries where property is cheapest
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