In the second quarter of 2025, North Macedonia, Portugal, and Bulgaria registered the highest house price increase in real terms (adjusted for inflation). In North Macedonia, house prices outgrew inflation by nearly ** percent. When comparing the nominal price change, which does not take inflation into consideration, the average house price growth was even higher.
Meanwhile, many countries experienced declining prices, with Hong Kong recording the biggest decline, at percent. That has to do with a broader trend of a slowing global housing market.
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Bank for International Settlements. (November 27, 2025). Annual inflation-adjusted (real) change in house prices worldwide in 2nd quarter 2025, by country [Graph]. In ÀÖ²¥´«Ã½app×îа汾. Retrieved August 13, 2026, from /statistics/237527/house-price-changes-five-year-trend/
Bank for International Settlements. "Annual inflation-adjusted (real) change in house prices worldwide in 2nd quarter 2025, by country." Chart. November 27, 2025. ÀÖ²¥´«Ã½app×îа汾. Accessed August 13, 2026. /statistics/237527/house-price-changes-five-year-trend/
Bank for International Settlements. (2025). Annual inflation-adjusted (real) change in house prices worldwide in 2nd quarter 2025, by country. ÀÖ²¥´«Ã½app×îа汾. ÀÖ²¥´«Ã½app×îа汾 Inc.. Accessed: August 13, 2026. /statistics/237527/house-price-changes-five-year-trend/
Bank for International Settlements. "Annual Inflation-adjusted (Real) Change in House Prices Worldwide in 2nd Quarter 2025, by Country." ÀÖ²¥´«Ã½app×îа汾, ÀÖ²¥´«Ã½app×îа汾 Inc., 27 Nov 2025, /statistics/237527/house-price-changes-five-year-trend/
Bank for International Settlements, Annual inflation-adjusted (real) change in house prices worldwide in 2nd quarter 2025, by country ÀÖ²¥´«Ã½app×îа汾, /statistics/237527/house-price-changes-five-year-trend/ (last visited August 13, 2026)
Annual inflation-adjusted (real) change in house prices worldwide in 2nd quarter 2025, by country [Graph], Bank for International Settlements, November 27, 2025. [Online]. Available: /statistics/237527/house-price-changes-five-year-trend/
