Global House Price Index Q3 2025 Report
Knight Frank’s Global House Price Index provides a quarterly snapshot of trends in mainstream housing markets across 55 markets.
Key findings:
- House price growth across global markets accelerated in the third quarter of 2025. The weighted average annual price increase among our basket of 55 housing markets rose to 2.4%, up from 2.2% in Q2.
- Monetary policy is providing a tailwind: through Q3 2025, central banks delivered zero rate hikes and 27 net cuts ( 6 in July, 9 in August, 12 in September), extending the easing phase that began earlier in the year.
- Despite firmer nominal outcomes, global real house price growth remains slightly negative at 0.1% year on year in Q3 2025. In several markets, inflation continues to erode purchasing power, leaving affordability stretched even as policy rates trend lower.
Liam Bailey, global head of research at Knight Frank, commented: “Nominal growth has edged higher again as central banks pivot towards cuts, but real gains are still hard won. To see firmer growth into 2026, policymakers will need to maintain an easing while inflation continues to retreat.”
Discover more by delving into our latest Global House Price Index report below.
