In the 3rd quarter of 2024, housing prices increased adjusted for inflation in 47 countries and decreased in 30 countries that have currently published statistics for this period.
Some markets have demonstrated a huge gap between nominal and real prices, mainly due to extremely high inflation. For example, in Turkey, nominal real estate prices increased by 27.4% year-on-year in the 3rd quarter of 2024, but in real terms they decreased by 14.72%. The same applies to Egypt, where nominal prices increased by 40.7%, but real prices increased by only 11.31%.
In terms of dynamics, most of the global real estate markets continue to show improvements.
Real house prices increased year-on-year in the 3rd quarter in the following countries:
- Puerto Rico - 19.25%
- UAE (Dubai) - 16.51%
- Bulgaria - 15.17%
- Montenegro -11.77%
- Egypt - 11.31%
- Hungary - 11.29%
- Croatia - 10.45%
- Poland (Warsaw) - 9.09%
- Russia - 8.38%
- Romania - 7.97%
- Netherlands - 7.63%
- Georgia - 7.32%
- Spain - 7,15%
- Slovenia - 6.89%
- Portugal - 5,61%
- Dominican Republic - 5,22%
- Greece - 4.3%
- Estonia - 4.09%
- Switzerland - 3.68%
- Czech Republic - 3.47%
- Qatar - 3.22%
- Cambodia (Phnom Penh) -3.11%
- Israel - 3.03%
- Lithuania - 2.52%
- Thailand - 2.28%
- USA (FHFA) - 1.68%
- Italy - 1.45%
Real house prices decreased year-on-year in the 3rd quarter in the following countries:
- Germany - 2.62%
- Finland - 2.66%
- Latvia (Riga) - 3.45%
- Vietnam (HCMC) - 5.04%
- France - 5,61%
- Turkey - 14.72%
Source: Global Property Guide
