Where Prices of Residential Housing Grow the Most?

Based on a comparison of 72 countries in 2017, Iceland ranked the highest in nominal growth of residential property prices in the local currency with 19.5% followed by Ireland and Hong Kong. On the other end of the scale was Puerto Rico with -10.7%, Qatar with -9.94% and Peru with -8.39%.

Average nominal growth of residential property prices in the local currency reached 4.67% in 2017 in the World according to the National Statistical Office. This is 23.8 % less than in the previous year and 4.51 % more than the average we have seen in the last 10 years.

Historically, average nominal growth of residential property prices in the local currency reached an all time high of 14.0% in 2006 and an all time low of -1.10% in 2009. The average annual growth amounted to -0.507 % since 1900.

Data for more countries are available at Growth of Residential Property Prices (Nominal, Local Currency) indicator page.