The Global House Price Index tracks the movement in mainstream residential prices across more than 50 countries and territories worldwide using official statistics.

The data in this report covers the year to September 2020 when the Covid-19 pandemic was widespread across most markets although large parts of Europe and Asia were seeing case numbers moderate.

Turkey leads the index for the thirdconsecutive quarter with annual price growth of 27%. However, in real terms once inflation of 14% is deducted, annual price growth sits closer to 13%. Overseas interest from the Middle East and a buoyant economy are bolstering prices, GDP increased 16% in Q3 compared to Q2.

New Zealand (15%) jumped from 11th to second place between Q2 and Q3 as the country saw demand increase post-lockdown. Residential sales totalled 8,618 in Q3 2020, up 41% from 6,112 a year earlier.

Ukraine (10%) and Russia (9%) have also moved up the annual rankings and now sit within the top ten.