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Global Property Metrics

Housing valuation · Live research brief

House-price versus rent divergence

Where official house-price growth is running ahead of, or behind, rent growth over the same latest annual period.

Current through
2026-Q1
Modified
Aug 9, 2026
Published markets
39
Official sources
2
History begins
2015-Q1
Newest period
2026-Q1

Interpretation

What the current data says

The gap between prices and rents helps identify where valuation pressure may be building or easing. It is a directional comparison, not a forecast and not a substitute for a market-level yield.

  • Portugal shows the largest positive price–rent gap in the comparable set at +12.7 percentage points for 2026-Q1.
  • 24 of 39 covered markets have house-price growth running ahead of rent growth in their shared latest quarter.
  • Türkiye has the widest absolute divergence, a −27.5 percentage points gap between annual price and rent growth.

Current ranking

Gap between annual price and rent growth

Values and periods are generated from the same rows shown in the complete table below.

Portugal
+12.7%
Croatia
+10.8%
Estonia
+10.3%
Spain
+10.3%
Colombia
+7.8%
Slovakia
+7.6%
Lithuania
+7.0%
Denmark
+5.3%
Mexico
+5.3%
Slovenia
+5.3%
Hungary
+5.2%
Japan
+4.4%
House-price growth minus rent growth. The chart shows the highest-ranked published markets; the full quality-gated set appears in the table.

Approved coverage

Price and rent growth comparison

Open a country or metric to inspect its complete official series, scope and source.

RankMarketPeriodPrice–rent gapHouse pricesRents
1Portugal2026-Q1+12.7 pp+17.8%+5.1%
2Croatia2025-Q3+10.8 pp+13.3%+2.5%
3Estonia2026-Q1+10.3 pp+11.9%+1.6%
4Spain2026-Q1+10.3 pp+12.8%+2.5%
5Colombia2026-Q1+7.8 pp+12.8%+5.0%
6Slovakia2025-Q4+7.6 pp+12.7%+5.1%
7Lithuania2026-Q1+7.0 pp+11.9%+4.9%
8Denmark2025-Q4+5.3 pp+7.6%+2.3%
9Mexico2026-Q1+5.3 pp+8.7%+3.4%
10Slovenia2025-Q4+5.3 pp+5.8%+0.5%
11Hungary2026-Q1+5.2 pp+9.1%+3.9%
12Japan2025-Q4+4.4 pp+5.0%+0.6%
13Latvia2026-Q1+4.3 pp+10.9%+6.6%
14Czechia2026-Q1+4.0 pp+10.1%+6.1%
15Switzerland2026-Q1+3.5 pp+4.7%+1.2%
16Ireland2026-Q1+3.4 pp+6.8%+3.4%
17South Africa2026-Q1+2.2 pp+6.0%+3.8%
18Australia2025-Q3+1.3 pp+5.1%+3.8%
19Netherlands2025-Q4+1.3 pp+6.1%+4.8%
20South Korea2026-Q1+0.9 pp+1.8%+0.9%
21Bulgaria2025-Q4+0.3 pp+12.6%+12.3%
22Luxembourg2026-Q1+0.3 pp+1.7%+1.4%
23Norway2026-Q1+0.1 pp+3.8%+3.7%
24Poland2025-Q4+0.1 pp+4.3%+4.2%
25Italy2025-Q40.0 pp+4.0%+4.0%
26Greece2025-Q4−0.4 pp+8.3%+8.7%
27Germany2026-Q1−0.8 pp+1.4%+2.2%
28Sweden2026-Q1−1.2 pp+2.6%+3.8%
29Belgium2026-Q1−1.5 pp+2.0%+3.5%
30Romania2025-Q3−1.5 pp+6.4%+7.9%
31France2026-Q1−1.7 pp+0.2%+1.9%
32New Zealand2026-Q1−2.0 pp−0.8%+1.2%
33United Kingdom2026-Q1−2.0 pp+1.2%+3.2%
34Finland2026-Q1−2.1 pp−2.0%+0.1%
35Austria2025-Q4−2.4 pp+2.1%+4.5%
36Israel2026-Q1−4.7 pp−1.4%+3.3%
37Iceland2025-Q4−4.9 pp+3.6%+8.5%
38Canada2026-Q1−9.0 pp−4.8%+4.2%
39Türkiye2026-Q1−27.5 pp+26.7%+54.2%

Methodology

How this report is built

The report joins each country’s official house-price and rent index only when both series share the same latest quarter. The score is annual house-price change minus annual rent change.

Empty or insufficient sections are withheld. Every published row has an approved series, a valid market route and a finite current measure.

Caveats

Limits on comparison

  • A positive gap means prices grew faster than rents; a negative gap means rents grew faster than prices.
  • Both measures are indices. The comparison does not estimate a cash rent, purchase price or investable rental yield.
  • Coverage is limited to countries where both official series pass the same recency and history gates.

Official sources

Bank for International Settlements

Selected residential property prices · snapshot Aug 9, 2026

SourceLicense

Organisation for Economic Co-operation and Development

Analytical house price indicators · snapshot Aug 9, 2026

SourceLicense

Continue researching

Related live reports

Each report is rebuilt from the same approved official-data release.

Worldwide pulseGlobal price momentumA current cross-country reading of annual residential property-price momentum from quality-gated official series.Relative valuationGlobal price to rentA comparable view of current official price-to-rent index levels and their latest annual movement.Regional monitorEuropeThe latest official annual house-price momentum across published European national markets.