Markets

Canada's housing market moved through 2025 with softer resale prices and a cautious-but not frozen-transaction backdrop. National home sales totalled...

The U.S. housing market in 2025 stayed in a slow-but-stable regime: demand was capped by affordability while supply remained structurally...

Austrian residential real estate moved from downturn to stabilization through 2025. The OeNB's residential property price index shows the overall...

Belgium's residential market reaccelerated through 2025 as financing conditions stabilised and transactions recovered, while new supply stayed...

France's residential market entered 2025 in a cautious recovery after the 2022-2024 correction. INSEE's NotairesINSEE index showed existinghome...

Germany's housing market enters 2025 with demand still concentrated in the 'A' cities and university hubs, while supply is constrained by a...

Luxembourg's residential market remains structurally undersupplied and highly price-sensitive to credit conditions. OECD and IMF analyses highlight supply frict...

The Dutch housing market in 2025 remained defined by structural undersupply and resilient demand. Government reporting puts the housing shortage at...

Switzerland enters 2025 with a structurally tight housing market. The Federal Statistical Office (FSO) reports a dwelling vacancy rate of 1.0% as of...

UK residential demand re-strengthened through 2025 as mortgage pricing eased and transaction volumes stabilised. HMRC recorded 100,350 seasonally...

Denmark's residential market moved through 2025 with renewed price growth but an increasingly 'twospeed' pattern. Danmarks Nationalbank notes that...

Finland's residential market in 2025 has been characterised by a slow thaw after the 2022-2024 rate shock: transaction activity improved, but pricing...

Iceland's residential market in 2025 is transitioning from the post-pandemic surge to a cooler, better-supplied phase. \'cdslandsbanki reports house prices rose...

GPPI 2025-2026 market profile for Sweden. Hemnet-dominant vendor-paid portal model, Riksbank rate cycle recovery, and the structural dynamics of Swedish residential real estate.

Greece's residential market entered 2025 with decelerating but still positive price momentum, supported by tourism-driven rental demand, urban...

Italy's residential market entered 2025 with demand recovering faster than supply, keeping time-on-market tight in the main cities. Banca d'Italia's Italian Hou...

Portugal enters 2025 with a pronounced supply-demand imbalance: new stock coming onto the market remains weak relative to demand, and market...

Spain's residential market entered 2025-26 in an expansionary phase, supported by resilient demand (job growth and improved mortgage affordability as financing ...

Bulgaria's housing market stayed hot into 2025, supported by rising wages and a 'safe-haven' preference for real assets. NSI data show national house...

Poland's residential market in 2024-2025 has been shaped by a rebound-then-normalisation cycle: demand re-accelerated as credit conditions improved...

Romania's residential market is entering 2025-2026 with strong nominal price momentum but more selective demand. Eurostat's House Price Index shows...

Russia's residential real estate market in 2025 was shaped by restrictive monetary conditions and a shift from broad-based subsidies toward targeted...

Serbia's residential market is cooling from the post-pandemic surge, but remains supported by urban job growth and investment demand concentrated in Belgrade an...

Turkey's residential market remains volume-resilient but affordability-constrained. In 2024, nationwide house sales rose 20.6% to 1.48 million units, yet mortga...

Ukraine's residential real estate market remains highly segmented under wartime conditions. Transaction activity and new development are concentrated...

Bahrain's real estate market is trading more frequently, but with pricing that looks 'rangebound' rather than exuberant. CBRE recorded 13,452 real...

Iraq's residential real estate market is structurally demandheavy and supplyconstrained. Public and multilateral estimates place the housing deficit...

Kuwait's real estate market strengthened through 2024-H1 2025, with the investment (apartment) and commercial segments leading liquidity while...

Oman's real estate market is showing a two-speed profile: broad residential supply growth and strengthening headline prices, but with uneven...

Qatar's postWorld Cup real estate cycle is shifting from 'eventdriven delivery' to absorption and assetquality differentiation. In 2024, residential...

Saudi Arabia's real estate market enters 2025 with strong demand fundamentals, but higher policy and compliance 'friction' as authorities push...

UAE residential demand is concentrated in Dubai and Abu Dhabi and is being supported by sustained population inflows, evolving residency pathways and...

Egypt's housing market remains demandheavy because property is widely treated as a store of value during currency volatility and high inflation. In...

Morocco's housing market is stabilising after a volatile 2024: Bank AlMaghrib/ANCFCC's Real Estate Price Index (IPAI) rose 0.8% YoY in Q4 2024...

Nigeria's real estate market in 2025 is defined by structurally unmet housing demand, concentrated urban liquidity, and volatile macro drivers. The Federal Mini...

South Africa's residential market is entering 2025 with a twospeed profile: prime coastal and lifestyle nodes continue to outperform, while many...

Australia's residential market closed 2025 with demand still materially above prepandemic norms, supported by population growth and tight rental...

China's residential market in 2025 remained in a balance-sheet repair phase. Official NBS data for December 2025 show new-home prices falling 0.4% month-on-mont...

Indonesia's residential market in 2025 is shaped by a large, urbanising population and a persistent housing deficit: government sources cite backlog...

Japan's real estate market entered 2025 with broad-based price momentum after years of low inflation, but with widening gaps between prime urban...

Malaysia's housing market entered 2025 with strong momentum from 2024: national transaction volume rose 5.4% to 420,545 and transaction value rose...

New Zealand's housing market in 2025 was characterised by a post-boom "reset" and then a stabilisation phase. After the 2021 peak, values had fallen materially;...

Singapore's 2025 residential market cooled from the 2023-2024 surge, but remained resilient. URA's flash estimate shows private residential prices up 0.7% quart...

South Korea's housing market in 2025 showed an unusually sharp capital-region rebound amid policy tightening and persistent supply constraints....

Taiwan's residential market entered 2025 with prices still high but momentum cooling and fragmenting by region. A national housing price index proxy...

Thailand's residential market in 2024-2025 has been constrained by weak purchasing power, high household leverage and tight mortgage underwriting;...

India's housing market in 2025 stayed demand-led but became more bifurcated: premium/luxury absorption remained resilient while the mass market faced affordabil...

Pakistan's real estate market in 2025-26 is a splitspeed market: structural housing need and urban migration meet high financing costs,...

Argentina's residential market is regaining liquidity after several years of real (inflation-adjusted) price erosion, with Buenos Aires City (CABA)...

Brazil's residential market ended 2025 with midsingledigit price growth and very strong rental inflation, in a context of high interest rates and...

Chile's residential market entered 2025 with a shift from contraction to tentative normalization. In Greater Santiago, new-home sales in 2024 fell 8%...

Colombia's residential market in 2025 moved from contraction toward stabilization, with a clear split between subsidized VIS demand and higher-income...

Mexico's real estate market enters 2025 with resilient underlying demand but widening dispersion by region and asset class. On the residential side, national ho...

Croatia's residential market enters 2026 with strong price momentum but clearer latecycle signals. Official house price indices show doubledigit...

Norway's residential market in 2025 stayed liquid and price-resilient despite elevated borrowing costs. Eiendom Norge reports national house prices...