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House Prices in Hong Kong: Price Index, Graphed (2020=100)

House prices in Hong Kong, % change 1 yr

Nominal and inflation-adjusted ('real')

Hong Kong

Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20234.46%-1.61%-5.6%-6.39%
2022-4.2%0.2%-5.9%-7.73%
20210.84%1.33%3.18%-3.96%
2020-0.41%2.5%1.91%-2.82%
20194.84%2.6%-3.7%-0.97%
20183.93%5.48%-1.05%-8.36%
20174.38%4.31%1.07%2.52%
2016-5.48%2.94%6.24%3.12%
20154.51%4.05%0.92%-8.8%
2014-1.26%2.01%4.72%2.66%
20134.27%0.46%2.11%-3.51%
20124.95%6.19%8.05%0.72%
20118.12%3.05%0.47%-6.08%
20105.88%2.03%8.3%0.42%
20094.35%11.2%8.32%0.74%
20086.31%-1.49%-1.54%-15.57%
20073.91%3.93%2.89%8.96%
20062.47%-1.21%0.64%-0.05%
200513.57%-2.24%0.73%-4.58%
200419.79%-4.35%8.29%2.34%
2003-5.41%-1.33%3.64%6.24%
2002-1.11%-1.04%-6.53%-2.42%
20011.37%-1.74%-4.3%-1.87%
20000.7%-9.25%2.85%-7.12%
1999-2.39%1.27%-2.99%-0.62%
1998-11.1%-19.62%-12.33%9.45%
199719.44%4.33%-2.3%-9.94%
19966.84%-0.07%1.49%12.06%
19951.15%-6.95%-7.9%1.66%
199416.84%-5.65%-2.24%-7.42%
19937.57%0.9%1.45%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.