Turkey experienced the highest annual change in house prices in 2024, followed by Russia and the United Arab Emirates. In the first quarter of the year, the nominal house price in Turkey grew by 55 percent, while in Russia and the United Arab Emirates, the increase was 19 and 18 percent, respectively. Meanwhile, several markets, including Hong Kong, Luxembourg, and Germany, saw prices fall. That has to do with an overall cooling of the global housing market that started in 2022. When accounting for inflation, house price growth was slower, and even more countries saw the market shrink.
Annual price growth in selected residential real estate markets worldwide in 1st quarter 2024
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Bank for International Settlements. (October 9, 2024). Annual price growth in selected residential real estate markets worldwide in 1st quarter 2024 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1041586/price-growth-fastest-growing-home-markets-worldwide/
Bank for International Settlements. "Annual price growth in selected residential real estate markets worldwide in 1st quarter 2024." Chart. October 9, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1041586/price-growth-fastest-growing-home-markets-worldwide/
Bank for International Settlements. (2024). Annual price growth in selected residential real estate markets worldwide in 1st quarter 2024. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1041586/price-growth-fastest-growing-home-markets-worldwide/
Bank for International Settlements. "Annual Price Growth in Selected Residential Real Estate Markets Worldwide in 1st Quarter 2024." Statista, Statista Inc., 9 Oct 2024, https://www.statista.com/statistics/1041586/price-growth-fastest-growing-home-markets-worldwide/
Bank for International Settlements, Annual price growth in selected residential real estate markets worldwide in 1st quarter 2024 Statista, https://www.statista.com/statistics/1041586/price-growth-fastest-growing-home-markets-worldwide/ (last visited November 22, 2024)
Annual price growth in selected residential real estate markets worldwide in 1st quarter 2024 [Graph], Bank for International Settlements, October 9, 2024. [Online]. Available: https://www.statista.com/statistics/1041586/price-growth-fastest-growing-home-markets-worldwide/