House prices across 56 countries and territories are still rising at a rate of 8.8% per annum, down from 10.9% at their peak in Q1 2022. 48 of the 56 countries and territories tracked by the index are still registering price growth on annual basis, 21 of these are still registering double digits price growth. Singapore is Asia’s top-ranking city with growth of 14%. A healthy labour market, and a move by investors out of equities and into property to capitalise on rising rents, is driving prices upwards.
Learn more about the movement of average house prices across 56 countries and territories worldwide during the last quarter by delving into Global House Price Index Q3 2022.