European Union House Prices grew 5.7 % YoY in Dec 2020, following an increase of 5.3 % YoY in the previous quarter. EU House Prices YoY Growth data is updated quarterly, available from Mar 2006 to Dec 2020, with an average growth rate of 2.8 %. The data reached an all-time high of 11.1 % in Dec 2006 and a record low of -4.9 % in Jun 2009. CEIC calculates House Prices Growth from quarterly House Price Index. Eurostat provides House Price Index with base 2015=100. European Union stands for EU27 excluding UK. Analysts believed this is driven by domestic demand and not from rich Asian Chinese foreign buyers / investors.
Last year, as thousands of New Zealanders lost their jobs amid the Covid-19 pandemic, The housing market dipped when New Zealand first went into lockdown in March 2020, but it came back so much faster than it went down after the country was declared free of Covid-19 in June 2020 and has grown exponentially ever since.
New Zealand House Prices grew 15.5 % YoY in Dec 2020, following an increase of 10.7 % YoY in the previous quarter. New Zealand House Prices YoY Growth data is updated quarterly, available from Dec 1990 to Dec 2020, with an average growth rate of 5.8 %. The data reached an all-time high of 24.9 % in Dec 2003 and a record low of -9.1 % in Mar 2009. CEIC calculates House Prices Growth from quarterly House Price Index. The Reserve Bank of New Zealand provides House Price Index, calculated from Reserve Bank of New Zealand estimates, with base December 2003=1000.
"A few years ago, if you bought a property and sold it in the next three years, you’d done well if you broke even. Now, we’re seeing that you can buy a property and sell it six weeks later and make NZ$30,000 (US$21,100). It’s very much a seller’s market." said real estate professionals in New Zealand, "the sharp increase is mainly from domestic demand making this completely unprecedented never seen before in New Zealand".
New Zealand House Prices grew 15.5 % YoY in Dec 2020, following an increase of 10.7 % YoY in the previous quarter. New Zealand House Prices YoY Growth data is updated quarterly, available from Dec 1990 to Dec 2020, with an average growth rate of 5.8 %. The data reached an all-time high of 24.9 % in Dec 2003 and a record low of -9.1 % in Mar 2009. CEIC calculates House Prices Growth from quarterly House Price Index. The Reserve Bank of New Zealand provides House Price Index, calculated from Reserve Bank of New Zealand estimates, with base December 2003=1000.
"A few years ago, if you bought a property and sold it in the next three years, you’d done well if you broke even. Now, we’re seeing that you can buy a property and sell it six weeks later and make NZ$30,000 (US$21,100). It’s very much a seller’s market." said real estate professionals in New Zealand, "the sharp increase is mainly from domestic demand making this completely unprecedented never seen before in New Zealand".
South Korea's Property index showed property prices has risen sharply in 2020 and still rising - CEIC Data
South Korea property prices grew 11.2 % YoY in Mar 2021, following an increase of 10.3 % YoY in the previous month. South Korea House Prices YoY Growth data is updated monthly, available from Jan 1987 to Mar 2021, with an average growth rate of 2.3 %. The data reached an all-time high of 21.9 % in Aug 1988 and a record low of -13.1 % in Nov 1998. CEIC calculates House Prices Growth from monthly House Price Index. Kookmin Bank provides House Price Index with base January 2019=100.
Germany House Prices grew 8.1 % YoY in Dec 2020, following an increase of 7.9 % YoY in the previous quarter. Germany House Prices YoY Growth data is updated quarterly, available from Mar 2001 to Dec 2020, with an average growth rate of 2.5 %. The data reached an all-time high of 8.4 % in Dec 2016 and a record low of -3.8 % in Mar 2007. CEIC calculates House Prices Growth from quarterly House Price Index. Federal Statistics Office Germany provides House Price Index with base 2015=100.
Canada House Prices grew 7.0 % YoY in Feb 2021, following an increase of 5.4 % YoY in the previous month. Canada House Prices YoY Growth data is updated monthly, available from Jan 1982 to Feb 2021, with an average growth rate of 1.8 %. The data reached an all-time high of 16.5 % in Mar 1989 and a record low of -9.7 % in Apr 1991. CEIC calculates House Prices Growth from monthly House Price Index. Statistics Canada provides House Price Index with base December 2016=100. House Price Index covers New Housing only.
Denmark House Prices grew 8.5 % YoY in Dec 2020, following an increase of 7.5 % YoY in the previous month. Denmark House Prices YoY Growth data is updated monthly, available from Jan 2007 to Dec 2020, with an average growth rate of 2.8 %. The data reached an all-time high of 11.4 % in Jan 2007 and a record low of -16.0 % in May 2009. CEIC calculates monthly House Prices Growth from Property Price Index. Statistics Denmark provides Property Price Index of One Family Houses with base 2006=100. House Prices Growth covers single family houses only.
Luxembourg House Prices grew 13.6 % YoY in Sep 2020, following an increase of 13.2 % YoY in the previous quarter. Luxembourg House Prices YoY Growth data is updated quarterly, available from Mar 2008 to Sep 2020, with an average growth rate of 5.1 %. The data reached an all-time high of 14.1 % in Mar 2020 and a record low of -2.5 % in Sep 2009. CEIC calculates House Prices Growth from quarterly House Price Index. The Portal of Statistics of Luxembourg provides House Price Index with base 2015=100. House Price Index covers purchase prices of apartments only. House Prices Growth prior to Q1 2010 is with base 2010=100.
Norway House Prices grew 10.9 % YoY in Mar 2021, following an increase of 7.1 % YoY in the previous quarter. Norway House Prices YoY Growth data is updated quarterly, available from Mar 1993 to Mar 2021, with an average growth rate of 7.2 %. The data reached an all-time high of 21.2 % in Mar 2000 and a record low of -6.9 % in Dec 2008. CEIC calculates House Prices Growth from quarterly House Price Index. Statistics Norway provides House Price Index with base 2015=100.
Sweden House Prices grew 10.1 % YoY in Dec 2020, following an increase of 6.1 % YoY in the previous quarter. Sweden House Prices YoY Growth data is updated quarterly, available from Mar 1987 to Dec 2020, with an average growth rate of 7.4 %. The data reached an all-time high of 20.8 % in Jun 1989 and a record low of -15.3 % in Dec 1992. CEIC calculates House Prices Growth from quarterly Real Estate Price Index. Statistics Sweden provides Real Estate Price Index with base 1981=100. House Prices Growth covers 1 or 2 dwelling buildings for permanent living only.
Austria House Prices grew 9.4 % YoY in Dec 2020, following an increase of 9.4 % YoY in the previous quarter. Austria House Prices YoY Growth data is updated quarterly, available from Sep 1987 to Dec 2020, with an average growth rate of 4.1 %. The data reached an all-time high of 33.4 % in Sep 1988 and a record low of -6.4 % in Dec 2001. CEIC calculates quarterly House Prices Growth from quarterly House Price Index. Oesterreichische Nationalbank provides House Price Index with base 2000=100. 3.. House Prices Growth covers Vienna only.
Taiwan House Prices grew 6.5 % YoY in Dec 2020, following an increase of 6.1 % YoY in the previous quarter. Taiwan House Prices YoY Growth data is updated quarterly, available from Mar 2002 to Dec 2020, with an average growth rate of 5.8 %. The data reached an all-time high of 20.9 % in Mar 2010 and a record low of -6.0 % in Mar 2016. CEIC calculates House Prices Growth from quarterly Residential Property Price Index. Sinyi Realty Incorporation provides Residential Property Price Index with base March 2001=100.
United Kingdom House Prices grew 6.9 % YoY in Feb 2021, following an increase of 6.4 % YoY in the previous month. UK House Prices YoY Growth data is updated monthly, available from Jan 1992 to Feb 2021, with an average growth rate of 4.4 %. The data reached an all-time high of 26.4 % in Jan 2003 and a record low of -17.5 % in Feb 2009. CEIC calculates House Prices Growth from monthly House Price Index. Nationwide provides House Price Index with base Q1 1993=100.
United States House Prices grew 10.3 % YoY in Dec 2020, following an increase of 7.8 % YoY in the previous quarter. US House Prices YoY Growth data is updated quarterly, available from Mar 1992 to Dec 2020, with an average growth rate of 5.3 %. The data reached an all-time high of 10.8 % in Sep 2005 and a record low of -11.9 % in Mar 2009. CEIC calculates House Prices Growth from quarterly House Price Index. Federal Housing Finance Agency provides House Price Index with base January 1991=100.
In comparison to major cities globally, Singapore House Prices only grew 2.2 % YoY in Dec 2020, following an increase of 0.7 % YoY in the previous quarter. Singapore House Prices YoY Growth data is updated quarterly, available from Mar 1976 to Dec 2020, with an average growth rate of 4.0 %. The data reached an all-time high of 102.0 % in Mar 1981 and a record low of -34.0 % in Dec 1998. CEIC calculates House Prices Growth from quarterly Private Residential Property Price Index. Urban Redevelopment Authority provides Private Residential Property Price Index with base 1Q2009=100.
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