Every licensed economy, ranked by the latest quarter. Click a country in the list or the chart legend to show or hide it. Country desks cover a smaller set.
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| Period | Real HPI |
|---|---|
| Q1 2026 | 225.4 |
| Q4 2025 | 218.3 |
| Q3 2025 | 209.3 |
| Q2 2025 | 202.3 |
| Q1 2025 | 195.6 |
| Q4 2024 | 188.1 |
| Q3 2024 | 182.6 |
| Q2 2024 | 176.7 |
| Q1 2024 | 172.5 |
| Q4 2023 | 173.6 |
| Q3 2023 | 170.3 |
| Q2 2023 | 169.0 |
| Q1 2023 | 165.3 |
| Q4 2022 | 164.9 |
| Q3 2022 | 165.3 |
| Q2 2022 | 163.2 |
| Q1 2022 | 163.6 |
| Q4 2021 | 161.8 |
| Q3 2021 | 158.2 |
| Q2 2021 | 154.6 |
| Q1 2021 | 151.2 |
| Q4 2020 | 149.6 |
| Q3 2020 | 145.1 |
| Q2 2020 | 145.4 |
OECD real house price indices (2015=100). Nominal house prices deflated by consumption prices. Ranked by each economy’s latest quarter.
Source: OECD Analytical House Prices. Licence: OECD data; attribution required (terms).
A real house price index adjusts a nominal house price index for consumer inflation. It shows how housing prices have changed relative to the general cost of living, not the cash price of a dwelling. The OECD compiles this measure and expresses it on a 2015=100 base; Younivi republishes the OECD series rather than deriving a separate real index.
Use changes in the real index to study long periods or compare how housing has moved against inflation in different economies. A reading above 100 means housing prices have risen faster than consumer prices since the 2015 reference. Index levels do not show which country has more expensive homes in currency terms.
The result depends on the consumer price index used as a deflator. A different inflation measure could change it. Loans and deposits are stated in nominal money, so the nominal index may be more relevant to those obligations. Read this series for direction and context, not as a property valuation or forecast.
For a fuller explanation, see the Younivi note What real house prices mean.