Graph and download economic data for Real Residential Property Prices for Hong Kong SAR (QHKR628BIS) from Q4 1979 to Q3 2024 about Hong Kong, residential, HPI, housing, real, price index, indexes, and price.

In 2022, the average price of permanent housing in Hong Kong Island dropped to around 173 thousand Hong Kong dollars per square meter on average. The city had the highest property prices in the region.

Key information about Hong Kong SAR (China) Gold Production

• Hong Kong SAR (China) Real Residential Property Price Index was reported at 132.982 2010=100 in Sep 2024.
• This records a decrease from the previous number of 140.888 2010=100 for Jun 2024.
• Hong Kong SAR (China) Real Residential Property Price Index data is updated quarterly, averaging 76.683 2010=100 from Dec 1979 to Sep 2024, with 180 observations.
• The data reached an all-time high of 198.526 2010=100 in Sep 2018 and a record low of 28.660 2010=100 in Sep 1984.
• Hong Kong SAR (China) Real 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 Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

House Price Index MoM in Hong Kong increased to 0.31 percent in February from 0.26 percent in January of 2025. This dataset includes a chart with historical data for Hong Kong Private Residential Price Index MoM.

Hong Kong HK: Property Price Index: 1999=100: Offices: Grade B data was reported at 620.100 1999=100 in Sep 2018. This records an increase from the previous number of 600.900 1999=100 for Aug 2018. Hong Kong HK: Property Price Index: 1999=100: Offices: Grade B data is updated monthly, averaging 197.100 1999=100 from Jan 1993 (Median) to Sep 2018, with 309 observations. The data reached an all-time high of 620.100 1999=100 in Sep 2018 and a record low of 56.200 1999=100 in May 2003. Hong Kong HK: Property Price Index: 1999=100: Offices: Grade B data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.EB051: Office: Price Index: 1999=100.

This statistic shows the price per square foot in selected prime residential markets worldwide in 2018. Hong Kong was the most expensive residential market globally with average prime residential values of 4,670 U.S. dollars per square foot.

In 2020, Hong Kong had the most expensive residential property market worldwide, with an average property price of 1.25 million U.S. dollars. The government of Hong Kong provide public housing for lower-income residents and almost 45 percent of the Hong Kong population lived in public permanent housing in 2018.

Hong Kong Property Price Index: Qtr: 1999=100: Retail Premise data was reported at 598.900 1999=100 in Sep 2018. This records an increase from the previous number of 589.100 1999=100 for Jun 2018. Hong Kong Property Price Index: Qtr: 1999=100: Retail Premise data is updated quarterly, averaging 111.150 1999=100 from Dec 1978 (Median) to Sep 2018, with 160 observations. The data reached an all-time high of 598.900 1999=100 in Sep 2018 and a record low of 15.000 1999=100 in Dec 1978. Hong Kong Property Price Index: Qtr: 1999=100: Retail Premise data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.EB082: Retail: Price Index: 1999=100.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2023. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 117.5 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.

Turkey experienced the highest annual change in house prices in 2024, followed by Russia and the United Arab Emirates. In the first quarter of the year, the nominal house price in Turkey grew by 55 percent, while in Russia and the United Arab Emirates, the increase was 19 and 18 percent, respectively. Meanwhile, several markets, including Hong Kong, Luxembourg, and Germany, saw prices fall. That has to do with an overall cooling of the global housing market that started in 2022. When accounting for inflation, house price growth was slower, and even more countries saw the market shrink.

In 2019, Hong Kong had the most expensive residential property market worldwide, with an average price per square foot of 1,987 U.S. dollars.

Hong Kong

Hong Kong, an autonomous special administrative region of China, has one of the least affordable housing markets in the world. A region with an estimated 7.49 million people, it has become increasingly difficult to purchase a home in Hong Kong. The spoken languages in Hong Kong are Cantonese, Mandarin, and English.

Hong Kong housing market

The housing market in Hong Kong has seen an increase in prices in the past couple years. There are two types of housing unit offers in Hong Kong, private and public. The number of public rental housing units has been consistently rising since 2008. Nearly half of the public rental apartments in Hong Kong as of March 2018 were between 30 and 39.9 square meters. Not only has the number of public rental housing units increased since 2008, so have the private ones. However, there are more private housing units than public ones in Hong Kong. Additionally, the Home Ownership Scheme exists in Hong Kong. It is a government sponsored program that subsidizes public housing in Hong Kong. First created in the late 1970s, it was instituted with two targets in mind. The first was to persuade the richer tenants of these apartments to leave so families in greater need could live there. The second was to allow these families to become home owners, since they did not have enough money to buy in the private sector. Under this program, the government sells apartments to qualified low-income tenants at prices below the market value.

Hong Kong (DC)Property Price Index: Qtr: 1989=100: DP: 40 to 69.9 sq data was reported at 227.000 1989=100 in Sep 2000. This records a decrease from the previous number of 236.000 1989=100 for Jun 2000. Hong Kong (DC)Property Price Index: Qtr: 1989=100: DP: 40 to 69.9 sq data is updated quarterly, averaging 108.000 1989=100 from Mar 1980 (Median) to Sep 2000, with 83 observations. The data reached an all-time high of 447.000 1989=100 in Sep 1997 and a record low of 42.000 1989=100 in Dec 1984. Hong Kong (DC)Property Price Index: Qtr: 1989=100: DP: 40 to 69.9 sq data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong – Table HK.EB015: Residential: Price Index: 1999=100.

This statistic shows the number of private housing units in Hong Kong from 2012 to 2023. As of March 2023, the number of private housing units in Hong Kong amounted to more than 1.73 million.

Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: New Territories (NT) data was reported at 319.300 1999=100 in Sep 2018. This records a decrease from the previous number of 324.300 1999=100 for Aug 2018. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: New Territories (NT) data is updated monthly, averaging 106.100 1999=100 from Jan 1992 (Median) to Sep 2018, with 321 observations. The data reached an all-time high of 324.400 1999=100 in Jul 2018 and a record low of 54.600 1999=100 in Jul 2003. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: New Territories (NT) data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong – Table HK.EB015: Residential: Price Index: 1999=100.

Hong Kong'da konut fiyatları, 2024 yılının Eylül ayında bir önceki yılın aynı ayına göre %13,02 düştü. Akım değerleri, tarihsel veriler, tahminler, istatistikler, grafikler ve ekonomik takvim - Hong Kong - Konut Fiyatları.

In 2023, office property transactions contributed around 56 percent of the total commercial property transaction value in Hong Kong. The total sum of the office real estate transactions amounted to approximately 23 billion Hong Kong dollars in the surveyed period.

In 2023, office property transactions in Hong Kong amounted to around 23 billion Hong Kong dollars, three times the value of the retail property transactions. Hotel transactions reached 6.8 billion Hong Kong dollars in 2023, up 9.2 percent compared to the previous year.

Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class A,B & C data was reported at 391.900 1999=100 in Sep 2018. This records a decrease from the previous number of 397.600 1999=100 for Aug 2018. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class A,B & C data is updated monthly, averaging 114.600 1999=100 from Jan 1993 (Median) to Sep 2018, with 309 observations. The data reached an all-time high of 397.800 1999=100 in Jul 2018 and a record low of 57.900 1999=100 in Jul 2003. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class A,B & C data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.EB015: Residential: Price Index: 1999=100.

Oslo was the Norwegian city with the most expensive apartments and houses in 2024. In March that year, the average price per residential property in the Norwegian capital was approximately 6.4 million Norwegian kroner. The city above the polar circle, Tromsø ranked second, with housing units costing on average nearly 4.6 million Norwegian kroner. In 2019, there were over nine thousand dwellings sold in Norway. Housing types The largest share of Norwegian residential housing units in 2023 were detached houses, accounting for nearly half of the total housing market in the country. Moreover, a quarter of all occupied and vacant dwellings that year were blocks of flats and over one fifth were houses with two dwellings or row houses. Where are properties the most expensive? Within selected global property markets, Hong Kong had the most expensive housing prices in 2020. An average property would cost roughly 1.25 million U.S. dollars in the former British colony. Munich ranked second, where the average property price amounted to roughly one million U.S dollars.

In 2018, the average prime property price in Hong Kong was 6.87 million U.S. dollars. Shanghai and Moscow had the next highest prime property prices at 2.43 and 2.38 million U.S. dollars respectively.