House prices rising at fastest rate since global crisis – BIS stats
Advanced economies see sharpest average increase, but India records largest cumulative rise
Worldwide house prices accelerated further in the second quarter of 2021, hitting their fastest rate since the global financial crisis, Bank for International Settlements figures show.
The data, published on November 25, shows real house prices were up 4.8% year on year in the second quarter of 2020. Real price rises are calculated as any increases above a country’s rate of consumer price inflation.
The bulk of the increase came from advanced economies, where real prices rose 8.6% from a year
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