Preface: Our rewards in life will always be in direct proportion to our contribution. — Earl Nightingale
Mapped: The Growth in House Prices by Country
Global housing prices rose an average of 6% annually, between Q4 2021 and Q4 2022.
In real terms that take inflation into account, prices actually fell 2% for the first decline in 12 years. Despite a surge in interest rates and mortgage costs, housing markets were noticeably stable. Real prices remain 7% above pre-pandemic levels.
In this graphic, we show the change in residential property prices with data from the Bank for International Settlements …see global visual on above link.