Where Prices of Residential Housing Grow the Most?

Growth of Residential Property Prices (Nominal, Local Currency) (%), 2017 or latest
Real Estate | October 24, 2018
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Based on a comparison of 72 countries in 2017, Iceland ranked the highest in nominal growth of residential property prices in the local currency with 19.5% followed by Ireland and Hong Kong. On the other end of the scale was Puerto Rico with -10.7%, Qatar with -9.94% and Peru with -8.39%.

Average nominal growth of residential property prices in the local currency reached 4.94% in 2017 in the World according to the National Statistical Office. This is 28.8 % less than in the previous year and 5.16 % more than the average we have seen in the last 10 years.

Historically, average nominal growth of residential property prices in the local currency reached an all time high of 14.1% in 2006 and an all time low of -1.06% in 2009. The average annual growth amounted to -0.210 % since 1900.

Data for more countries are available at Growth of Residential Property Prices (Nominal, Local Currency) indicator page.

Growth of Residential Property Prices (Nominal, Local Currency) Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Canada % 4.97% 4.81% 2.57% 5.28% 5.39%
China % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 6.64% -0.839% 7.20% 4.81% -1.12%
Czech Republic % ... ... ... 0.026% -1.47% 0.027% 2.45% 3.98%
Hong Kong % 12.2% 24.1% 8.54% 11.9% 7.04%
Hungary % ... ... -2.68% -8.19% 0.586% 10.5% 11.2%
Iceland % 4.63% 6.91% 5.76% 8.42% 8.24%
Ireland % -19.5% -4.73% 5.70% 18.3% 7.27%
Macao % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Malta % 6.13% -2.20% 6.38% 4.72% 10.0%
Montenegro % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.330% -16.6% 21.7% -11.9%
Netherlands % -3.43% -6.91% -4.41% 2.10% 4.32%
Philippines % ... ... ... ... ... ... ... ... ... ... ... ... 6.77% 8.00% 14.8% 10.0% 10.0%
Portugal % -7.49% -4.01% 0.615% 2.20% 5.01%
Slovenia % ... ... ... ... ... ... ... 1.37% -8.83% -4.38% -4.39% 0.051%
Turkey % ... ... ... ... ... ... ... ... ... ... ... 7.31% 9.43% 10.5% 12.2% 14.5%