According to a report by the Bank for International Settlements, real world-home prices rose by 4.6% in the first quarter of 2022. However, their dynamics differ between advanced economies (SE, +8.5% year-on-year) and emerging markets (EMS, +1.6%).
Real house prices rose in Turkey (about 35%), Canada (20%), Australia (14%), and the US (12%). They rose somewhat less actively in Japan (+8%) and Great Britain (+3%). Prices rose by 3% in the eurozone, where the situation varies considerably between member states.
Strong real house price growth continued in the Netherlands (+11%), Portugal (+8%), and Germany (+6%). Real prices grew more slowly in France (+3%) and remained almost unchanged in Spain (+1%) and Italy (-1%). Real prices fell by 3-4% in Brazil and India.
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