Fastest growing housing markets worldwide 2024

Published by Statista Research Department, Oct 9, 2024

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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Release date

October 2024

Region

Worldwide

Survey time period

Q1 2024

Supplementary notes

Nominal price growth. 

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