House prices by country
Every economy Bullrun holds a reading for: 58 in all, ranked highest first. Portugal is the highest at +12.78% and China the lowest at -6.95%; the median is +1.42%. Each row carries its own period and source, because these providers publish on different calendars - two rows in this table can be more than a year apart.
- Economies covered58
- Highest+12.78% Portugal
- Lowest-6.95% China
- Median+1.42%
House prices by country, ranked
| # | Economy | Real house prices, YoY | Band | Period | Source |
|---|---|---|---|---|---|
| 1 | Portugal | +12.78% | Rising fast | 2026-Q2 | BIS |
| 2 | Hong Kong | +9.98% | Rising | 2026-Q2 | BIS |
| 3 | Slovakia | +9.55% | Rising | 2026-Q2 | BIS |
| 4 | Spain | +8.63% | Rising | 2026-Q2 | BIS |
| 5 | Bulgaria | +8.59% | Rising | 2026-Q2 | BIS |
| 6 | North Macedonia | +8.37% | Rising | 2026-Q2 | BIS |
| 7 | Lithuania | +8.37% | Rising | 2026-Q2 | BIS |
| 8 | Russia | +8.29% | Rising | 2026-Q2 | BIS |
| 9 | Hungary | +8.16% | Rising | 2026-Q2 | BIS |
| 10 | Latvia | +7.85% | Rising | 2026-Q2 | BIS |
| 11 | Denmark | +7.56% | Rising | 2026-Q2 | BIS |
| 12 | Croatia | +7.15% | Rising | 2026-Q2 | BIS |
| 13 | Slovenia | +6.46% | Rising | 2026-Q1 | BIS |
| 14 | Czechia | +6.43% | Rising | 2026-Q2 | BIS |
| 15 | Cyprus | +5.54% | Rising | 2026-Q2 | BIS |
| 16 | Peru | +5.21% | Rising | 2026-Q1 | BIS |
| 17 | Sweden | +4.34% | Flat in real terms | 2026-Q2 | BIS |
| 18 | Australia | +4.16% | Flat in real terms | 2026-Q2 | BIS |
| 19 | Malta | +4.06% | Flat in real terms | 2026-Q1 | BIS |
| 20 | Poland | +3.29% | Flat in real terms | 2026-Q2 | BIS |
| 21 | Mexico | +3.24% | Flat in real terms | 2026-Q2 | BIS |
| 22 | Switzerland | +2.95% | Flat in real terms | 2026-Q2 | BIS |
| 23 | Colombia | +2.92% | Flat in real terms | 2026-Q2 | BIS |
| 24 | Estonia | +2.58% | Flat in real terms | 2026-Q2 | BIS |
| 25 | Japan | +2.43% | Flat in real terms | 2025-Q4 | BIS |
| 26 | Chile | +2.40% | Flat in real terms | 2026-Q1 | BIS |
| 27 | Ireland | +2.32% | Flat in real terms | 2026-Q2 | BIS |
| 28 | Serbia | +2.02% | Flat in real terms | 2026-Q2 | BIS |
| 29 | Romania | +1.52% | Flat in real terms | 2026-Q2 | BIS |
| 30 | South Africa | +1.32% | Flat in real terms | 2026-Q2 | BIS |
| 31 | Norway | +1.29% | Flat in real terms | 2026-Q2 | BIS |
| 32 | Netherlands | +1.21% | Flat in real terms | 2026-Q2 | BIS |
| 33 | Singapore | +1.05% | Flat in real terms | 2026-Q2 | BIS |
| 34 | Italy | +0.97% | Flat in real terms | 2026-Q2 | BIS |
| 35 | Euro Area | +0.96% | Flat in real terms | 2026-Q2 | BIS |
| 36 | Brazil | +0.62% | Flat in real terms | 2026-Q2 | BIS |
| 37 | Belgium | +0.59% | Flat in real terms | 2026-Q1 | BIS |
| 38 | Greece | +0.45% | Flat in real terms | 2026-Q2 | BIS |
| 39 | Austria | +0.14% | Flat in real terms | 2026-Q2 | BIS |
| 40 | United Kingdom | +0.10% | Flat in real terms | 2026-Q2 | BIS |
| 41 | Luxembourg | +0.06% | Flat in real terms | 2026-Q1 | BIS |
| 42 | Morocco | -0.12% | Falling | 2026-Q2 | BIS |
| 43 | India | -0.28% | Falling | 2026-Q2 | BIS |
| 44 | Thailand | -0.34% | Falling | 2026-Q2 | BIS |
| 45 | South Korea | -0.47% | Falling | 2026-Q2 | BIS |
| 46 | Malaysia | -0.99% | Falling | 2026-Q2 | BIS |
| 47 | Germany | -1.95% | Falling | 2026-Q2 | BIS |
| 48 | Indonesia | -2.19% | Falling | 2026-Q2 | BIS |
| 49 | Iceland | -2.39% | Falling | 2026-Q2 | BIS |
| 50 | United States | -2.60% | Falling | 2026-Q2 | BIS |
| 51 | France | -2.84% | Falling | 2026-Q2 | BIS |
| 52 | Israel | -3.34% | Falling | 2026-Q2 | BIS |
| 53 | Finland | -4.45% | Falling | 2026-Q2 | BIS |
| 54 | New Zealand | -4.57% | Falling | 2026-Q2 | BIS |
| 55 | Turkey | -5.46% | Falling fast | 2026-Q2 | BIS |
| 56 | Philippines | -6.01% | Falling fast | 2026-Q2 | BIS |
| 57 | Canada | -6.72% | Falling fast | 2026-Q2 | BIS |
| 58 | China | -6.95% | Falling fast | 2026-Q2 | BIS |
How the scale reads
| Band | What it means | Economies |
|---|---|---|
| < -5% | Falling fast - a sharp real fall is its own kind of trouble, not cheap houses | 4 |
| -5 to 0% | Falling | 13 |
| 0 to 5% | Flat in real terms | 25 |
| 5 to 10% | Rising | 15 |
| 10%+ | Rising fast | 1 |
These are the same bands that shade the map on the Global Markets dashboard, so a country's colour there and its band here always agree.
What this measures
Residential property prices in REAL terms - deflated by each economy's own consumer prices, so an economy with 40% inflation does not read as a housing boom. Covers 58 economies quarterly. This measures how fast prices are moving, not whether they are expensive: for that, see prices against income or against rents, which score each economy on its own history instead.
Source: BIS residential property price statistics, quarterly. Coverage differs from metric to metric because these providers cover different sets of economies, and a gap is left as a gap rather than filled from a proxy - an absent economy is one we hold no reading for, never a zero. See the data license.
Other metrics by country
Global markets dashboard · Every economy scored · Screen stocks by country