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 16 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 12 percent. That has to do with a broader trend of a slowing global housing market.
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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 16 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 12 percent. That has to do with a broader trend of a slowing global housing market.