Real house price index in select countries in the APAC region 2010-2024, by quarter
In 2024, New Zealand was the country with the highest inflation-adjusted increase in house prices since 2010 among the Asia-Pacific (APAC) countries under observation. In the first quarter of the year, the real house price index in New Zealand reached nearly 170 index points. This means that, adjusted for inflation, house prices grew 70 percent since 2010, the baseline year when the index value was set to 100. According to the nominal house price index, which does not adjust for the effects of inflation, the price increase was higher.
