Global house prices experienced a significant shift in 2022, with advanced economies seeing a notable decline after a prolonged period of growth. The real house price index (adjusted for inflation) for advanced economies peaked at nearly *** index points in early 2022 before falling to around ****** points by the fourth quarter of 2024. This represents a reversal of the upward trend that had characterized the housing market for roughly a decade. Conversely, real house prices in emerging economies resumed growing, after a brief correction in the second half of 2022. What is behind the slowdown? Inflation and slow economic growth have been the primary drivers for the cooling of the housing market. Secondly, the growing gap between incomes and house prices since 2012 has decreased the affordability of homeownership. Last but not least, homebuyers in 2024 faced dramatically higher mortgage interest rates, further contributing to worsening sentiment and declining transactions. Some markets continue to grow While many countries witnessed a deceleration in house price growth in 2022, some markets continued to see substantial increases. Turkey, in particular, stood out with a nominal increase in house prices of over ** percent in the first quarter of 2024. Other countries that recorded a two-digit growth include Russia and the United Arab Emirates. When accounting for inflation, the three countries with the fastest growing residential prices in early 2024 were the United Arab Emirates, Poland, and Bulgaria.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Trends in House price index. The latest data for over 100 countries around the world.

This dataset provides values for HOUSE PRICE INDEX YOY reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Residential Property Prices for United States (QUSN628BIS) from Q1 1970 to Q1 2025 about residential, HPI, housing, price index, indexes, price, and USA.

United States House Price Index: FHFA: California data was reported at 655.910 Mar1980=100 in Jun 2018. This records an increase from the previous number of 639.250 Mar1980=100 for Mar 2018. United States House Price Index: FHFA: California data is updated quarterly, averaging 227.460 Mar1980=100 from Mar 1975 (Median) to Jun 2018, with 174 observations. The data reached an all-time high of 655.910 Mar1980=100 in Jun 2018 and a record low of 41.630 Mar1980=100 in Mar 1975. United States House Price Index: FHFA: California data remains active status in CEIC and is reported by Federal Housing Finance Agency. The data is categorized under Global Database’s United States – Table US.EB014: House Price Index.

Key information about US Nominal Residential Property Price Index

• United States Nominal Residential Property Price Index was reported at 232.573 2010=100 in Sep 2024.
• This records an increase from the previous number of 230.393 2010=100 for Jun 2024.
• US Nominal Residential Property Price Index data is updated quarterly, averaging 61.010 2010=100 from Mar 1970 to Sep 2024, with 219 observations.
• The data reached an all-time high of 232.573 2010=100 in Sep 2024 and a record low of 10.610 2010=100 in Mar 1970.
• US Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

In the fourth quarter of 2024, the Bulgaria, Spain, and Portugal registered the highest house price increase in real terms (adjusted for inflation). In Bulgaria, house prices outgrew inflation by nearly ** percent. When comparing the nominal price change, which does not take inflation into consideration, the average house price growth was even higher.

Meanwhile, many countries experienced declining prices, with Turkey recording the biggest decline, at ** percent. That has to do with a broader trend of a slowing global housing market.

Housing Index in the United Kingdom decreased to 511.60 points in June from 511.80 points in May of 2025. This dataset provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Residential Property Prices for China (QCNR628BIS) from Q2 2005 to Q1 2025 about China, residential, HPI, housing, real, price index, indexes, and price.

Graph and download economic data for Real Residential Property Prices for Spain (QESR628BIS) from Q1 1971 to Q4 2024 about Spain, residential, HPI, housing, real, price index, indexes, and price.

Graph and download economic data for Real Residential Property Prices for Japan (QJPR628BIS) from Q1 1955 to Q4 2024 about Japan, residential, HPI, housing, real, price index, indexes, and price.

Graph and download economic data for Real Residential Property Prices for India (QINR628BIS) from Q1 2009 to Q4 2024 about India, residential, HPI, housing, real, price index, indexes, and price.

United States Freddie Mac House Price Index: Pennsylvania data was reported at 173.504 Dec2000=100 in Sep 2018. This records a decrease from the previous number of 174.576 Dec2000=100 for Aug 2018. United States Freddie Mac House Price Index: Pennsylvania data is updated monthly, averaging 87.872 Dec2000=100 from Jan 1975 (Median) to Sep 2018, with 525 observations. The data reached an all-time high of 175.581 Dec2000=100 in Jul 2018 and a record low of 28.981 Dec2000=100 in Jan 1975. United States Freddie Mac House Price Index: Pennsylvania data remains active status in CEIC and is reported by Federal Home Loan Mortgage Corporation, Freddie Mac. The data is categorized under Global Database’s United States – Table US.EB016: Freddie Mac House Price Index: Federal Home Loan Mortgage Corp.

United States House Price Index: FHFA: New York data was reported at 679.080 Mar1980=100 in Jun 2018. This records an increase from the previous number of 670.010 Mar1980=100 for Mar 2018. United States House Price Index: FHFA: New York data is updated quarterly, averaging 288.040 Mar1980=100 from Mar 1975 (Median) to Jun 2018, with 174 observations. The data reached an all-time high of 679.080 Mar1980=100 in Jun 2018 and a record low of 73.490 Mar1980=100 in Mar 1976. United States House Price Index: FHFA: New York data remains active status in CEIC and is reported by Federal Housing Finance Agency. The data is categorized under Global Database’s United States – Table US.EB014: House Price Index.

Graph and download economic data for Real Residential Property Prices for Canada (QCAR628BIS) from Q1 1970 to Q1 2025 about Canada, residential, HPI, housing, real, price index, indexes, and price.

Graph and download economic data for Residential Property Prices for Australia (QAUN628BIS) from Q1 1970 to Q4 2024 about Australia, residential, HPI, housing, price index, indexes, and price.

Housing Index in Taiwan decreased to 168.42 points in the first quarter of 2025 from 169.46 points in the fourth quarter of 2024. This dataset provides - Taiwan House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, Turkey had the highest inflation-adjusted house price index out of the ** European countries under observation, making it the country where house prices have increased the most since 2010. In Turkey, the house price index exceeded *** index points in the fourth quarter of 2024, showing an increase in real terms of *** percent since 2010, the baseline year for the index. Iceland and Estonia completed the top three, with an index value of *** and *** index points. In the past year, however, many European countries saw house prices decline in real terms. Where can I find other metrics on different housing markets in Europe? To assess the valuation in different housing markets, one can compare the house-price-to-income ratios of different countries worldwide. These ratios are calculated by dividing nominal house prices by nominal disposable income per head. There are also ratios that look at how residential property prices relate to domestic rents, such as the house-price-to-rent ratio for the United Kingdom. Unfortunately, these numbers are not available in a European overview. An overview of the price per square meter of an apartment in the EU-28 countries is available, however. One region, different markets An important trait of the European housing market is that there is not one market, but multiple. Property policy in Europe lies with the domestic governments, not with the European Union. This leads to significant differences between European countries, which shows in, for example, the homeownership rate (the share of owner-occupied dwellings of all homes). These differences also lead to another problem: the availability of data. Non-Europeans might be surprised to see that house price statistics vary in depth, as every country has their own methodology and no European body exists that tracks this data for the whole continent.

Graph and download economic data for Residential Property Prices for Canada (QCAN628BIS) from Q1 1970 to Q1 2025 about Canada, residential, HPI, housing, price index, indexes, and price.