Growth in global real house prices slowed to 2.2% year on year in aggregate in the second quarter of 2022. This reflected a strong increase in nominal terms (+10.6%) – largely offset by the surge in year-on-year consumer price growth rates. Real house price developments continued to diverge across the main regions. They continued to increase rapidly in advanced economies (AEs, +5.3% year on year) while emerging market economies (EMEs) saw their first decline (–0.2%) since early 2016. Real house prices surged in Turkey (50%), the United States (9%), Australia, Canada (both 8%) and Japan (7%). They fell by 6% in Brazil and 4% in China and India. In real terms, global house prices now exceed their immediate post-GFC average levels by 27% (40% in the AEs and 18% in the EMEs).


This information was gathered from the Bank for International Settlements

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The Bank for International Settlements (BIS) is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through its meetings, programmes and through the Basel Process – hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.  Last updated from Wikipedia 2023-01-22T02:52:48Z.
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