This chart shows the changes in the real estate price index for various Asian countries from 2009 to 2024. The real estate price index indicates how many years of work are needed for an average person to buy a house in each country. By analyzing this data, we can see how economic conditions and housing market fluctuations impact the ability to purchase a home. For instance, a higher real estate price index in a country suggests that more years of income are required to buy a house.
Real Estate Price Index by Country in Asia, 2009-2024
This chart shows the changes in the real estate price index for various Asian countries from 2009 to 2024.
Data Source: NUMBEO
Image Source: Freepik from www.flaticon.com
The real estate price index is a metric that reflects the cost of housing at a specific point in time, used to calculate the ratio of annual income needed to purchase a home. It shows how many years of one's total income would be required to buy a house. The real estate price index is a crucial indicator for assessing housing market accessibility.
| Rank | Name | Indicator |
|---|---|---|
1 |  Syria | 101.9 yrs |
2 |  Sri Lanka | 36.0 yrs |
3 |  Nepal | 35.2 yrs |
4 |  Hong Kong | 32.1 yrs |
5 |  China | 29.6 yrs |
6 |  Lebanon | 27.4 yrs |
7 |  Philippines | 27.0 yrs |
8 |  Thailand | 26.5 yrs |
9 |  Vietnam | 23.7 yrs |
10 |  Iran | 22.4 yrs |
11 |  South Korea | 19.9 yrs |
12 |  Taiwan | 19.5 yrs |
13 |  Indonesia | 18.9 yrs |
14 |  Armenia | 17.0 yrs |
15 |  Mongolia | 15.7 yrs |
16 |  Singapore | 14.9 yrs |
17 |  Azerbaijan | 14.4 yrs |
18 |  Israel | 14.2 yrs |
19 |  Kyrgyzstan | 14.0 yrs |
20 |  India | 13.3 yrs |
