The global housing market started to slow in 2022, after more than a decade of growth. This trend was strongly pronounced in advanced economies, where the aggregate real house price index fell from almost 140 index points in the first quarter of 2022 to about 132 index points in the third quarter of 2023. The house price index measures the development of house prices, with 2010 as a baseline year and a value of 100. Unlike the nominal index, the real house price index considers the influence of inflation. An index value of 140 means that prices increased by 40 percent since 2010.
Quarterly house price index (real and nominal) for emerging and advanced economies worldwide from 1st quarter 2008 to 3rd quarter 2023
Characteristic
Emerging economies (nominal)
Emerging economies (real)
Advanced economies (nominal)
Advanced economies (real)
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Bank for International Settlements. (October 30, 2023). Quarterly house price index (real and nominal) for emerging and advanced economies worldwide from 1st quarter 2008 to 3rd quarter 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1427342/house-price-index-emerging-and-advanced-economies-worldwide/
Bank for International Settlements. "Quarterly house price index (real and nominal) for emerging and advanced economies worldwide from 1st quarter 2008 to 3rd quarter 2023." Chart. October 30, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1427342/house-price-index-emerging-and-advanced-economies-worldwide/
Bank for International Settlements. (2023). Quarterly house price index (real and nominal) for emerging and advanced economies worldwide from 1st quarter 2008 to 3rd quarter 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1427342/house-price-index-emerging-and-advanced-economies-worldwide/
Bank for International Settlements. "Quarterly House Price Index (Real and Nominal) for Emerging and Advanced Economies Worldwide from 1st Quarter 2008 to 3rd Quarter 2023." Statista, Statista Inc., 30 Oct 2023, https://www.statista.com/statistics/1427342/house-price-index-emerging-and-advanced-economies-worldwide/
Bank for International Settlements, Quarterly house price index (real and nominal) for emerging and advanced economies worldwide from 1st quarter 2008 to 3rd quarter 2023 Statista, https://www.statista.com/statistics/1427342/house-price-index-emerging-and-advanced-economies-worldwide/ (last visited July 22, 2024)
Quarterly house price index (real and nominal) for emerging and advanced economies worldwide from 1st quarter 2008 to 3rd quarter 2023 [Graph], Bank for International Settlements, October 30, 2023. [Online]. Available: https://www.statista.com/statistics/1427342/house-price-index-emerging-and-advanced-economies-worldwide/