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.
| Growth of Residential Property Prices (Real, Local Currency) | Unit | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| Bulgaria | % | ... | ... | ... | ... | -9.19% | -3.70% | -1.58% | 4.38% | 5.04% | ||||||||||||
| Canada | % | 2.08% | 3.28% | 1.65% | 3.36% | 4.26% | ||||||||||||||||
| China | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.24% | -3.48% | 4.58% | 2.82% | -2.56% | ||
| Czechia | % | ... | ... | ... | -1.88% | -4.76% | -1.40% | 2.11% | 3.64% | |||||||||||||
| Egypt | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.2% | -4.00% | ||
| Hong Kong | % | 8.27% | 18.4% | 6.91% | 12.0% | 7.13% | ||||||||||||||||
| Hungary | % | ... | ... | -6.69% | -13.4% | -3.29% | 8.46% | 9.61% | ||||||||||||||
| Iceland | % | -4.87% | -3.09% | -3.64% | 2.62% | 3.34% | ||||||||||||||||
| Ireland | % | -23.0% | -6.44% | 4.17% | 17.8% | 7.91% | ||||||||||||||||
| Macao | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Malta | % | 0.445% | -7.10% | 2.25% | 0.948% | 9.54% | ||||||||||||||||
| Montenegro | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -0.957% | -18.5% | 21.3% | -13.4% | ||
| Philippines | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.50% | 4.30% | 13.9% | 10.0% | 10.9% | ||||
| Portugal | % | -10.4% | -5.36% | -0.446% | 1.64% | 5.76% | ||||||||||||||||
| Slovenia | % | ... | ... | ... | ... | ... | ... | ... | 1.37% | -8.83% | -4.38% | -4.39% | 0.051% |
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