In March 2025, the West Coast region recorded the largest annual change in residential property prices in New Zealand, with an increase of around **** percent compared to the same month of the previous year. The national median price for residential property in New Zealand was ******* New Zealand dollars in that month, marking a slight decrease from March 2024.

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

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

In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in March 2025, prices reached a new peak, with the average home costing ******* British pounds. This figure refers to all property types, including detached, semi-detached, terraced houses, and flats and maisonettes. Compared to other European countries, the UK had some of the highest house prices. How have UK house prices increased over the last 10 years? Property prices have risen dramatically over the past decade. According to the UK house price index, the average house price has grown by over ** percent since 2015. This price development has led to the gap between the cost of buying and renting a property to close. In 2023, buying a three-bedroom house in the UK was no longer more affordable than renting one. Consequently, Brits have become more likely to rent longer and push off making a house purchase until they have saved up enough for a down payment and achieved the financial stability required to make the step. What caused the recent fluctuations in house prices? House prices are affected by multiple factors, such as mortgage rates, supply, and demand on the market. For nearly a decade, the UK experienced uninterrupted house price growth as a result of strong demand and a chronic undersupply. Homebuyers who purchased a property at the peak of the housing boom in July 2022 paid ** percent more compared to what they would have paid a year before. Additionally, 2022 saw the most dramatic increase in mortgage rates in recent history. Between December 2021 and December 2022, the **-year fixed mortgage rate doubled, adding further strain to prospective homebuyers. As a result, the market cooled, leading to a correction in pricing.

According to the forecast, house prices in London are expected to fall slightly in 2024, followed by a recovery in the following years. The decline can be explained with the cost of living crisis and the dramatic increase in borrowing costs. As the economy recovers in the next five-years, house prices for mainstream properties are forecast to rise by almost ** percent. In 2023, the average house price in London ranged between ******* British pounds and *** million British pounds, depending on the borough. Barking and Dagenham, Bexley, Newham, and Croydon were some of the most affordable boroughs to buy a house.

Key information about House Prices Growth

• US house prices grew 5.2% YoY in Dec 2024, following an increase of 5.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Dec 2024, with an average growth rate of 5.4%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

Housing Index in China decreased by 3.20 percent in June from -3.50 percent in May of 2025. This dataset provides the latest reported value for - China Newly Built House Prices YoY Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The average house price in England started to increase in the first half of 2024, after falling by over three percent year-on-year in December 2023. In June 2024, the house price index amounted to 149.7 index points, suggesting an increase in house prices of 2.4 percent since the same month in 2023 and a roughly 50 percent rise since 2015 - the baseline year for the index. Among the different regions in the UK, West and East Midlands experienced the strongest growth.

China Property Price Change in Number of Cities: Secondary Residential Bldg: MoM Number Change data was reported at 2.000 Unit in Oct 2018. This records a decrease from the previous number of 4.000 Unit for Sep 2018. China Property Price Change in Number of Cities: Secondary Residential Bldg: MoM Number Change data is updated monthly, averaging 8.000 Unit from Jan 2011 (Median) to Oct 2018, with 94 observations. The data reached an all-time high of 28.000 Unit in Apr 2012 and a record low of 0.000 Unit in Jul 2018. China Property Price Change in Number of Cities: Secondary Residential Bldg: MoM Number Change data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.EA: Property Price Change in No of Cities.

House Price Index YoY in Ireland decreased to 7.50 percent in April from 7.60 percent in March of 2025. This dataset includes a chart with historical data for Ireland Residential Property Prices YoY.

Graph and download economic data for Residential Property Prices for Japan (QJPN628BIS) from Q1 1955 to Q4 2024 about Japan, residential, HPI, housing, price index, indexes, and price.

House Price Index YoY in the United States decreased to 3 percent in April from 3.90 percent in March of 2025. This dataset includes a chart with historical data for the United States FHFA House Price Index YoY.

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.

House prices in the UK rose dramatically during the coronavirus pandemic, with growth slowing down in 2022 and turning negative in 2023. The year-on-year annual house price change peaked at 14 percent in July 2022. In April 2025, house prices increased by 3.5 percent. As of late 2024, the average house price was close to 290,000 British pounds. Correction in housing prices: a European phenomenon The trend of a growing residential real estate market was not exclusive to the UK during the pandemic. Likewise, many European countries experienced falling prices in 2023. When comparing residential property RHPI (price index in real terms, e.g. corrected for inflation), countries such as Germany, France, Italy, and Spain also saw prices decline. Sweden, one of the countries with the fastest growing residential markets, saw one of the largest declines in prices. How has demand for UK housing changed since the outbreak of the coronavirus? The easing of the lockdown was followed by a dramatic increase in home sales. In November 2020, the number of mortgage approvals reached an all-time high of over 107,000. One of the reasons for the housing boom were the low mortgage rates, allowing home buyers to take out a loan with an interest rate as low as 2.5 percent. That changed as the Bank of England started to raise the base lending rate, resulting in higher borrowing costs and a decline in homebuyer sentiment.

Real residential property prices Y-on-Y, percent change in China, March, 2025 The most recent value is -7.42 percent as of Q1 2025, an increase compared to the previous value of -8.75 percent. Historically, the average for China from Q2 2006 to Q1 2025 is 0.36 percent. The minimum of -9.03 percent was recorded in Q3 2024, while the maximum of 7.7 percent was reached in Q2 2010. | TheGlobalEconomy.com

Real residential property prices Y-on-Y, percent change in Iceland, March, 2025 The most recent value is 2.68 percent as of Q1 2025, a decline compared to the previous value of 3.67 percent. Historically, the average for Iceland from Q1 1990 to Q1 2025 is 3.23 percent. The minimum of -24.07 percent was recorded in Q1 2009, while the maximum of 28.33 percent was reached in Q3 2005. | TheGlobalEconomy.com

Housing Index in Ireland increased to 192.80 points in April from 192.20 points in March of 2025. This dataset provides the latest reported value for - Ireland Residential Property Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Real residential property prices Y-on-Y, percent change in the USA, December, 2024 The most recent value is 0.68 percent as of Q4 2024, a decline compared to the previous value of 0.93 percent. Historically, the average for the USA from Q1 1990 to Q4 2024 is 1.75 percent. The minimum of -19.41 percent was recorded in Q3 2008, while the maximum of 12.83 percent was reached in Q2 2005. | TheGlobalEconomy.com

Trends in Real residential property prices Y-on-Y change. The latest data for over 100 countries around the world.

China Property Price Change in Number of Cities: Secondary Residential Bldg: YoY Number Change data was reported at 0.000 Unit in Sep 2018. This stayed constant from the previous number of 0.000 Unit for Aug 2018. China Property Price Change in Number of Cities: Secondary Residential Bldg: YoY Number Change data is updated monthly, averaging 0.000 Unit from Jan 2011 (Median) to Sep 2018, with 81 observations. The data reached an all-time high of 4.000 Unit in Jul 2014 and a record low of 0.000 Unit in Sep 2018. China Property Price Change in Number of Cities: Secondary Residential Bldg: YoY Number Change data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.EA: Property Price Change in No of Cities.