Global House Price Index Q1 2025 Report
Knight Frank’s Global House Price Index tracks the performance of over 50 mainstream national housing markets around the world using official data from Central Banks or National Statistic Offices in each country.
In Q1 2025, the weighted average annual price growth across our basket of 55 global housing markets picked up to 2.3%, up from 1.7% in Q4 2024, although the rate sits below the long-run trend rate of 5.1%. While this uptick reflects easing borrowing costs following recent policy rate cuts globally, further growth will likely depend on additional policy easing through the rest of 2025
- 2.3% average annual growth in house prices across our 55-market basket
- -4.2% Turkey’s real annual price growth, despite 32.2% nominal growth
- 87% of markets are seeing positive annual price growth
- 5.1% long-run trend rate of annual house price growth
Liam Bailey, global head of research at Knight Frank, commented: “ Global house-price growth has rebounded modestly above its long-run trend on the back of early rate cuts, but real affordability remains stretched. We believe further policy easing this year will be needed to sustain growth at or above trend.”
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