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.

Graph and download economic data for Real Residential Property Prices for United States (QUSR628BIS) from Q1 1970 to Q1 2025 about residential, HPI, housing, real, price index, indexes, price, and USA.

In 2024, the Mexico exhibited the highest inflation-adjusted increase in house prices among the countries under observation. In the fourth quarter of the year, house prices in Mexico grew by nearly **** percent in real terms, whereas globally, prices declined by *** percent. These figures are based on the development of the real house price index, with 2010 chosen as a baseline year. When looking at the long-term index development, Colombia observed the biggest increase in prices in the region.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Housing in U.S. City Average (CPIHOSSL) from Jan 1967 to Jul 2025 about urban, consumer, CPI, housing, inflation, price index, indexes, price, and USA.

In 2024, Bulgaria, Hungary, and Spain exhibited the highest inflation-adjusted increase in house prices among the countries under observation. In the fourth quarter of the year, house prices in Bulgaria grew by nearly ** percent in real terms, whereas globally, prices declined by about * percent. The country with the highest price drop was Luxembourg, at almost ***** percent. Turkey, France, and Austria also experienced a notable decline in prices, at **, *** and *** percent, respectively. These figures are based on the development of the real house price index, with 2010 chosen as a baseline year. When looking at the long-term index development, Turkey observed the biggest increase in prices in the region. When looking at the average house price in the major European markets, Norway emerged as the country with the most expensive residential property. Meanwhile, cities such as Geneva, Zurich, and London had the highest average apartment prices.

Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q2 2025 about sales, median, housing, and USA.

Inflation-adjusted house prices in the United Kingdom (UK), continued to decline in the second quarter of 2023 - a trend that started in the fourth quarter of 2022. The nominal house price grew by **** percent in the second quarter of 2023, but when adjusted for inflation, there was a decline of **** percent.

Context

Demand for houses has exploded in the UK in the last two years due to the pandemic. As a result, it feels like it is becoming more difficult for young people to afford to buy a house in the near future. I wanted to collect data to see if this sentiment is backed up by numbers.

Content

In this folder you will find the average house price in the UK between between 1975 and 2020, the median wage in the UK between 1999 and 2020. Both of these metrics have been adjusted by inflation up to 2020.

This folder also contains a table containing data on the wage gap in 2021, in the UK and by age group.

Sources

Statista: https://www.statista.com/statistics/802183/annual-pay-employees-in-the-uk/ and https://www.statista.com/statistics/1002964/average-full-time-annual-earnings-in-the-uk/.

allAgents: https://www.allagents.co.uk/house-prices-adjusted/.

Bank of England: https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator.

House Price Index YoY in the United States decreased to 2.60 percent in June from 2.90 percent in May of 2025. This dataset includes a chart with historical data for the United States FHFA House Price Index YoY.

In 2024, the Israel exhibited the highest inflation-adjusted increase in house prices among the Middle Eastern and African countries under observation. In the fourth quarter of the year, house prices in Israel grew by over *** percent in real terms, whereas globally, prices declined by *** percent. These figures are based on the development of the real house price index, with 2010 chosen as a baseline year. When looking at the long-term index development, Israel observed the biggest increase in prices in the region throughout the period.

Graph and download economic data for All-Transactions House Price Index for the United States (USSTHPI) from Q1 1975 to Q2 2025 about appraisers, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for Research Consumer Price Index: Housing (CPIEHOUSE) from Dec 1982 to Jul 2025 about 62 and older, consumer prices, HPI, consumer, CPI, housing, inflation, price index, indexes, price, and USA.

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.

In the fourth quarter (Q4) of 2024, the Philippines exhibited the highest year-on-year (YoY) inflation-adjusted increase in house prices among the Asia-Pacific countries under observation. In Q4 2024, real house prices in the Philippines grew by about *** percent YoY, while in Hong Kong, prices declined by about *** percent YoY over the same period. These figures are based on the development of the real house price index, using 2010 as a baseline year.

Housing Index in Hong Kong increased to 138.11 points in August 24 from 137.90 points in the previous week. This dataset provides - Hong Kong House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The year-end value of the S&P Case Shiller National Home Price Index amounted to 321.45 in 2024. The index value was equal to 100 as of January 2000, so if the index value is equal to 130 in a given year, for example, it means that the house prices increased by 30 percent since 2000. S&P/Case Shiller U.S. home indices – additional informationThe S&P Case Shiller National Home Price Index is calculated on a monthly basis and is based on the prices of single-family homes in nine U.S. Census divisions: New England, Middle Atlantic, East North Central, West North Central, South Atlantic, East South Central, West South Central, Mountain and Pacific. The index is the leading indicator of the American housing market and one of the indicators of the state of the broader economy. The index illustrates the trend of home prices and can be helpful during house purchase decisions. When house prices are rising, a house buyer might want to speed up the house purchase decision as the transaction costs can be much higher in the future. The S&P Case Shiller National Home Price Index has been on the rise since 2011.The S&P Case Shiller National Home Price Index is one of the indices included in the S&P/Case-Shiller Home Price Index Series. Other indices are the S&P/Case Shiller 20-City Composite Home Price Index, the S&P/Case Shiller 10-City Composite Home Price Index and twenty city composite indices.

The RHPI measures price changes of single-family properties, adjusted for the impact of inflation. Real values are calculated using the so-called Personal Consumption Expenditure Deflator (PCE). This PCE, so the theory goes, includes expenditures that are not counted in the Consumer Price Index(CPI), such as medical and health care expenses paid by employers and other national health programs. Because the RHPI adjusts for house-buying power, it is also a measure of housing affordability. In the fourth quarter of 2022, housing prices in real terms in Luxembourg reached an index of approximately ***** index points.

In 2024, Chile was the country with the highest inflation-adjusted increase in house prices since 2010 among the countries under observation. In the fourth quarter of the year, the real house price index in Chile hit ****** index points. This means that, adjusted for inflation, house prices grew by ****** percent since 2010, the baseline year when the index value was set to ***. According to the nominal house price index, which does not adjust for the effects of inflation, the price increase was higher.

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.

House prices in Spain have risen year-on-year since 2014. The house price index measures the development of house prices, with 2015 chosen as a base year when the index value was 100. Between 2021 and 2023, the house price index in Spain rose by eight percent for new housing and 3.2 percent for existing housing. Overall, newly built housing has appreciated more than existing homes.