Data on Global House Prices, Bar Africa
The Economist posted an interesting blog comparing the performance of house prices in 25 countries. It includes a house price index, prices in real terms, prices against average income, prices against rents and the percentage change in house prices. Unfortunately, the only African country represented is South Africa; there’s a dearth of data on the continent’s housing markets. Hopefully, with efforts to collect more data, such as those currently underway in Kenya and Uganda, we can see how housing markets are performing in more African countries. Another caveat is that the data used for South Africa are from ABSA Bank’s housing price indices, which perhaps are more indicative of the performance of the upper and middle segments of the market than the affordable market.
