House price index in emerging and advanced economies worldwide 2008-2023, per quarter
The global housing market started to slow in 2022, after more than a decade of growth. This trend was strongly pronounced in advanced economies, where the aggregate real house price index fell from almost 140 index points in the first quarter of 2022 to about 132 index points in the third quarter of 2023. The house price index measures the development of house prices, with 2010 as a baseline year and a value of 100. Unlike the nominal index, the real house price index considers the influence of inflation. An index value of 140 means that prices increased by 40 percent since 2010.