House prices by country

Every economy Bullrun holds a reading for: 58 in all, ranked highest first. Portugal is the highest at +15.20% and China the lowest at -7.07%; the median is +2.58%. 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+15.20%Rising fast2026-Q1BIS
2North Macedonia+12.51%Rising fast2026-Q1BIS
3Bulgaria+10.77%Rising fast2026-Q1BIS
4Croatia+9.96%Rising2026-Q1BIS
5Spain+9.87%Rising2026-Q1BIS
6Slovakia+9.32%Rising2026-Q1BIS
7Czechia+8.28%Rising2026-Q1BIS
8Latvia+7.77%Rising2026-Q1BIS
9Lithuania+7.76%Rising2026-Q1BIS
10Russia+7.38%Rising2026-Q1BIS
11Denmark+7.36%Rising2026-Q1BIS
12Colombia+6.98%Rising2026-Q1BIS
13Cyprus+6.93%Rising2026-Q1BIS
14Hungary+6.53%Rising2026-Q1BIS
15Hong Kong+6.20%Rising2026-Q1BIS
16Australia+5.71%Rising2026-Q1BIS
17Brazil+5.39%Rising2026-Q1BIS
18Peru+5.21%Rising2026-Q1BIS
19Switzerland+4.55%Flat in real terms2026-Q1BIS
20Mexico+4.39%Flat in real terms2026-Q1BIS
21Malta+4.06%Flat in real terms2026-Q1BIS
22Italy+3.76%Flat in real terms2026-Q1BIS
23Ireland+3.73%Flat in real terms2026-Q1BIS
24Poland+3.48%Flat in real terms2026-Q1BIS
25Slovenia+2.98%Flat in real terms2025-Q4BIS
26South Africa+2.70%Flat in real terms2026-Q1BIS
27Serbia+2.66%Flat in real terms2026-Q1BIS
28Greece+2.61%Flat in real terms2026-Q1BIS
29Euro Area+2.59%Flat in real terms2026-Q1BIS
30Netherlands+2.57%Flat in real terms2026-Q1BIS
31Estonia+2.41%Flat in real terms2026-Q1BIS
32Chile+2.40%Flat in real terms2026-Q1BIS
33Japan+2.31%Flat in real terms2025-Q4BIS
34Sweden+2.10%Flat in real terms2026-Q1BIS
35Thailand+1.93%Flat in real terms2026-Q1BIS
36Singapore+1.90%Flat in real terms2026-Q1BIS
37Philippines+1.62%Flat in real terms2026-Q1BIS
38India+1.07%Flat in real terms2026-Q1BIS
39Belgium+0.59%Flat in real terms2026-Q1BIS
40Norway+0.52%Flat in real terms2026-Q1BIS
41Malaysia+0.12%Flat in real terms2026-Q1BIS
42Luxembourg+0.06%Flat in real terms2026-Q1BIS
43Austria-0.08%Falling2026-Q1BIS
44South Korea-0.28%Falling2026-Q1BIS
45Morocco-0.52%Falling2026-Q1BIS
46France-0.79%Falling2026-Q1BIS
47Germany-0.81%Falling2026-Q1BIS
48United Kingdom-1.88%Falling2026-Q1BIS
49Iceland-1.95%Falling2026-Q1BIS
50Romania-2.00%Falling2026-Q1BIS
51United States-2.07%Falling2026-Q1BIS
52Finland-2.56%Falling2026-Q1BIS
53Indonesia-3.19%Falling2026-Q1BIS
54Israel-3.22%Falling2026-Q1BIS
55Turkey-3.28%Falling2026-Q1BIS
56New Zealand-3.72%Falling2026-Q1BIS
57Canada-6.81%Falling fast2026-Q1BIS
58China-7.07%Falling fast2026-Q1BIS

How the scale reads

BandWhat it meansEconomies
< -5%Falling fast - a sharp real fall is its own kind of trouble, not cheap houses2
-5 to 0%Falling14
0 to 5%Flat in real terms24
5 to 10%Rising15
10%+Rising fast3

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