Knight Frank data for Q3 2025
According to a report by the real estate consultancy Knight Frank, housing price growth accelerated in the third quarter of 2025 across 55 leading markets worldwide. Last summer, the average global price increased by 2.4% year-on-year, compared with 2.2% in the second quarter, although with notable differences between countries.
- Turkey (32.2%, however high inflation reduces this figure to -0.8%)
- North Macedonia (25.1%)
- Portugal (17.7%)
Spain entered the “top 10” with annual growth of 12.1%, behind Bulgaria (15.4%), Hungary (15.1%) and Croatia (13.8%). The largest price declines were recorded in Finland (-9.5%), China (-5.5%) and Canada (-2.6%).
- Finland (-9.5%)
- China (-5.5%)
- Canada (-2.6%)
Rates and demand: the role of central banks
As noted in the “Global House Price Index” report, up to the third quarter of 2025 central banks did not raise rates and cut them 27 times. This increasingly widespread shift in banking policy helps reduce financing costs and supports demand across a growing number of markets.
Related links
- Property for sale in Spain – catalogue
- Apartments for sale in Spain
- Buying property in Spain as an investment – what you need to know
- Buying property in Spain – steps, taxes and costs
- Services in Spain
