Where Real Prices of Residential Housing Grow the Most?

Based on a comparison of 72 countries in 2017, Iceland ranked the highest in real growth of residential property prices in local currency with 15.7% followed by Ireland and China. On the other end of the scale was South Korea with -181%, Vietnam with -38.3% and Morocco with -14.5%.

Average real growth of residential property prices in local currency reached 1.47% in 2017 in the World according to the National Statistical Office. This is 106 % less than in the previous year and 54.9 % more than the average we have seen in the last 10 years.

Historically, average real growth of residential property prices in local currency reached an all time high of 9.93% in 2006 and an all time low of -4.21% in 2008. The average annual growth amounted to 10.9 % since 1960.

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