In the first quarter of 2024, the United Arab Emirates, Poland, and Bulgaria registered the highest house price increase in real terms (adjusted for inflation). In the United Arab Emirates, house prices outgrew inflation by 16.17 percent. When comparing the nominal price change, which does not take inflation into consideration, the average house price growth was even higher.
Nevertheless, many countries experienced declining prices, with Luxembourg recording the biggest decline, at nearly 14 percent. That has to do with a broader trend of a slowing global housing market.
Annual inflation-adjusted (real) change in real house prices worldwide in 1st quarter 2024, by country
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Bank for International Settlements. (October 9, 2024). Annual inflation-adjusted (real) change in real house prices worldwide in 1st quarter 2024, by country [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/237527/house-price-changes-five-year-trend/
Bank for International Settlements. "Annual inflation-adjusted (real) change in real house prices worldwide in 1st quarter 2024, by country." Chart. October 9, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/237527/house-price-changes-five-year-trend/
Bank for International Settlements. (2024). Annual inflation-adjusted (real) change in real house prices worldwide in 1st quarter 2024, by country. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/237527/house-price-changes-five-year-trend/
Bank for International Settlements. "Annual Inflation-adjusted (Real) Change in Real House Prices Worldwide in 1st Quarter 2024, by Country." Statista, Statista Inc., 9 Oct 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/237527/house-price-changes-five-year-trend/
Bank for International Settlements, Annual inflation-adjusted (real) change in real house prices worldwide in 1st quarter 2024, by country Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/237527/house-price-changes-five-year-trend/ (last visited November 10, 2024)
Annual inflation-adjusted (real) change in real house prices worldwide in 1st quarter 2024, by country [Graph], Bank for International Settlements, October 9, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/237527/house-price-changes-five-year-trend/
