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.

House prices by country, ranked

#EconomyReal house prices, YoYBandPeriodSource
1Portugal+12.78%Rising fast2026-Q2BIS
2Hong Kong+9.98%Rising2026-Q2BIS
3Slovakia+9.55%Rising2026-Q2BIS
4Spain+8.63%Rising2026-Q2BIS
5Bulgaria+8.59%Rising2026-Q2BIS
6North Macedonia+8.37%Rising2026-Q2BIS
7Lithuania+8.37%Rising2026-Q2BIS
8Russia+8.29%Rising2026-Q2BIS
9Hungary+8.16%Rising2026-Q2BIS
10Latvia+7.85%Rising2026-Q2BIS
11Denmark+7.56%Rising2026-Q2BIS
12Croatia+7.15%Rising2026-Q2BIS
13Slovenia+6.46%Rising2026-Q1BIS
14Czechia+6.43%Rising2026-Q2BIS
15Cyprus+5.54%Rising2026-Q2BIS
16Peru+5.21%Rising2026-Q1BIS
17Sweden+4.34%Flat in real terms2026-Q2BIS
18Australia+4.16%Flat in real terms2026-Q2BIS
19Malta+4.06%Flat in real terms2026-Q1BIS
20Poland+3.29%Flat in real terms2026-Q2BIS
21Mexico+3.24%Flat in real terms2026-Q2BIS
22Switzerland+2.95%Flat in real terms2026-Q2BIS
23Colombia+2.92%Flat in real terms2026-Q2BIS
24Estonia+2.58%Flat in real terms2026-Q2BIS
25Japan+2.43%Flat in real terms2025-Q4BIS
26Chile+2.40%Flat in real terms2026-Q1BIS
27Ireland+2.32%Flat in real terms2026-Q2BIS
28Serbia+2.02%Flat in real terms2026-Q2BIS
29Romania+1.52%Flat in real terms2026-Q2BIS
30South Africa+1.32%Flat in real terms2026-Q2BIS
31Norway+1.29%Flat in real terms2026-Q2BIS
32Netherlands+1.21%Flat in real terms2026-Q2BIS
33Singapore+1.05%Flat in real terms2026-Q2BIS
34Italy+0.97%Flat in real terms2026-Q2BIS
35Euro Area+0.96%Flat in real terms2026-Q2BIS
36Brazil+0.62%Flat in real terms2026-Q2BIS
37Belgium+0.59%Flat in real terms2026-Q1BIS
38Greece+0.45%Flat in real terms2026-Q2BIS
39Austria+0.14%Flat in real terms2026-Q2BIS
40United Kingdom+0.10%Flat in real terms2026-Q2BIS
41Luxembourg+0.06%Flat in real terms2026-Q1BIS
42Morocco-0.12%Falling2026-Q2BIS
43India-0.28%Falling2026-Q2BIS
44Thailand-0.34%Falling2026-Q2BIS
45South Korea-0.47%Falling2026-Q2BIS
46Malaysia-0.99%Falling2026-Q2BIS
47Germany-1.95%Falling2026-Q2BIS
48Indonesia-2.19%Falling2026-Q2BIS
49Iceland-2.39%Falling2026-Q2BIS
50United States-2.60%Falling2026-Q2BIS
51France-2.84%Falling2026-Q2BIS
52Israel-3.34%Falling2026-Q2BIS
53Finland-4.45%Falling2026-Q2BIS
54New Zealand-4.57%Falling2026-Q2BIS
55Turkey-5.46%Falling fast2026-Q2BIS
56Philippines-6.01%Falling fast2026-Q2BIS
57Canada-6.72%Falling fast2026-Q2BIS
58China-6.95%Falling fast2026-Q2BIS

How the scale reads

BandWhat it meansEconomies
< -5%Falling fast - a sharp real fall is its own kind of trouble, not cheap houses4
-5 to 0%Falling13
0 to 5%Flat in real terms25
5 to 10%Rising15
10%+Rising fast1

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