# Global home prices at the end of 2015

By [Brandon Donnelly](https://brandondonnelly.com) · 2016-03-09

affordability, architect-this-city, atc, athiscity, canada, cities, france, germany, home-prices, house-prices, housing-affordability, ireland, japan, knight-frank, new-zealand, oecd, real-estate, south-korea, turkey, uncategorized, united-states, urbanism

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Seeing how we’ve started looking at [data from last year](http://brandondonnelly.com/post/140724876838/were-driving-again), I thought it would be interesting to look at global home prices as of Q4 2015. Here’s a chart from Knight Frank, which they refer to as their [Global House Price Index](http://content.knightfrank.com/research/84/documents/en/q4-2015-3606.pdf):

![](https://storage.googleapis.com/papyrus_images/9a5e5777c0f88d5fe99e139813fa79d9.png)

At the top of the list is Turkey, with an 18.4% increase from Q4 2014 to Q4 2015. (Supposedly this is because it has [recently become easier for foreigners to buy property](http://www.mansionglobal.com/articles/21950-turkey-tops-global-house-price-index) in the country.) Canada is 13th with a 6.2% increase (during this same time period) and the United States is 17th at 5.4%.  

This is obviously a high level analysis. There are lots of regional and local variations within each country. For instance in Canada right now, Calgary is a very different place than, say, Vancouver or Toronto.

Nonetheless, it’s still valuable to see the relative performance of each country and see what their (Knight Frank’s) prediction is for 2016:

> _“Our outlook for 2016 is muted. We expect the index’s overall rate of growth to be weaker in 2016 than 2015. The global economy is experiencing a potentially dangerous cocktail of low oil prices, a strong \[US\] dollar and a continued slowdown in China.”_

It’s also interesting to see how the countries rank in terms of affordability:

![](https://storage.googleapis.com/papyrus_images/d366e96606d702351451fd3d72ed11d1.png)

Once again, Canada ranks as being one of the least affordable countries in terms of home prices.

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*Originally published on [Brandon Donnelly](https://brandondonnelly.com/global-home-prices-at-the-end-of-2015)*