Nominal house price index in select countries in MEA 2010-2024, by quarter

Published by Statista Research Department, Nov 5, 2024

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. 

Quarterly house price index (nominal) in select countries in the Middle East and Africa (MEA) from 1st quarter 2010 to 1st quarter 2024

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Release date

September 2024

Region

Worldwide, Africa, Israel, Morocco, South Africa, United Arab Emirates, MENA

Survey time period

Q1 2010 to Q1 2024

Supplementary notes

The house price index measures the development of residential property prices, with 2010 as a baseline year and a value of 100.

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