国际清算银行住宅物业价格统计，2024 年第四季度

1/10 28 May 2025 Statistical release: BIS residential property price statistics in Q4 2024 • In the fourth quarter of 2024, global real house prices decreased by 1.6% year on year (yoy), a decline rate similar to the previous quarters; this was despite a modest rise in nominal prices (+1.8%). • Advanced economies (AEs) saw real house price growth of 1.0% yoy, led by developments in the euro area (+1.9%). In contrast, prices in emerging market economies (EMEs) extended their decline (–3.5%), largely driven by a 5.7% drop in Asia. Developments exhibited even greater variability across individual jurisdictions. • From a long-term perspective, global real house prices remain 20% above their levels observed after the 2007-09 Great Financial Crisis. • To access the full data set, visit Residential property prices - overview | BIS Data Portal. Summary of latest developments In the fourth quarter of 2024, global house prices deflated by consumer prices fell by 1.6% yoy, a rate unchanged from the third quarter.1 AEs saw a modest recovery, with real house prices increasing by 1.0% yoy in aggregate, marking the strongest growth recorded since Q2 2022. The rebound was especially notable in the euro area (+1.9%) and other European countries (+1.4%) (Table 1). In contrast, prices in EMEs extended their decline observed since Q2 2022, dropping by 3.5% yoy in real terms (Graph 1), particularly in emerging Asia (–5.7%). This was only partially offset by stronger developments in Latin America (+3.1%) and central and eastern Europe (+1.9%). 1 In contrast, nominal growth in Q4 2024 remained at +1.8%. Real residential property prices refer to nominal residential property price indicators deflated by the consumer price index. Global figures are weighted aggregates of selected AEs (Australia, Canada, Denmark, the euro area, Iceland, Japan, New Zealand, Norway, Sweden, Switzerland, the United Kingdom and the United States) and EMEs (Brazil, Bulgaria, Chile, China, Colombia, Czechia, Hong Kong SAR, Hungary, India, Indonesia, Israel, Korea, Malaysia, Mexico, Morocco, North Macedonia, Peru, the Philippines, Poland, Romania, Russia, Singapore, South Africa, Thailand, Türkiye and the United Arab Emirates), based on PPP exchange rates. Regional aggregates have been available since 2007. 2/10 Aggregate developments in real residential property prices1 Graph 1 Year-on-year changes, in per cent 1 Based on quarterly averages; CPI-deflated. Source: BIS selected residential property price series. Regional developments in real residential property prices, in per cent, Q4 2024 Table 1 Cumulative from 20101 Year-on-year All reporting countries 20.1 –1.6 Advanced economies 33.1 1.0 Non-European countries 51.8 0.4 Euro area 8.1 1.9 European countries outside the euro area 22.0 1.4 Emerging market economies 10.9 –3.5 Latin America 19.7 3.1 Asia 10.0 –5.7 Central and eastern Europe2 11.3 1.9 Middle East and Africa 4.1 0.3 Estimated weighted quarter