Nominal house price index in select countries in MEA 2010-2024, by quarter
In 2024, Israel was the country with the highest increase in house prices since 2010 among the Middle Eastern and African countries under observation. In the first quarter of the year, the house price index in Israel exceeded 219 index points, suggesting an increase of 119 percent since 2010, the baseline year when the index value was set to 100. It is important to note that the nominal index does not account for the effects of inflation, meaning that, adjusted for inflation, price growth in real terms was slower.
