12/26/2023 0 Comments Global cities house price indexIn the first quarter of 2022, global real house prices kept rising by 4.6% year on year in aggregate. They have been up by 41% in the AEs and by 19% in the EMEs. In real terms, global house prices now exceed their immediate post-GFC average levels by 29%.Real house prices surged in Turkey (by around 35%), Canada (20%), Australia (14%) and the United States (12%).Real house price developments continued to diverge between advanced economies (AEs, +8.5% year on year) and emerging market economies (EMEs, +1.6 %).1 This strong growth in real terms reflected a surge (+ 11.2%) in nominal terms – the first double-digit one recorded since the eve of the Great Financial Crisis – partly offset by the acceleration in consumer price indices. Global real house prices increased by 4.6% year on year in aggregate in the first quarter of 2022.
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