Annual nominal change in house prices in select countries in APAC region 2010-2024

Published by Statista Research Department, Nov 5, 2024

In 2024, Australia was the country with the highest nominal increase in house prices in the Asia-Pacific (APAC region). In the first quarter of the year, house prices in Australia rose by nearly 10 percent annually, whereas globally, the increase was three percent. These figures are based on the development of the nominal house price index, with 2010 chosen as a baseline year. Furthermore, it is important to note that the nominal index does not account for the effects of inflation, meaning that price growth in real terms was slower. 

Annual percentage change in the house price index (nominal) in select countries in the Asia-Pacific region (APAC) from 1st quarter 2010 to 1st quarter 2024

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Release date

September 2024

Region

Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, APAC

Survey time period

Q1 2010 to Q1 2024

Supplementary notes

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

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