Hong Kong house prices: private domestic price index, all classes (1999=100)
House price index for Hong Kong.
The Rating and Valuation Department (RVD) releases monthly, quarterly and annual property price indices by class for private domestic (independent dwellings with separate cooking facilities and bathroom). This index includes all housing classes. The time-series stretches back to 1986.
House prices in Hong Kong, % change 1 yr
Nominal and inflation-adjusted ('real')
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2025 | -1.85% | 0.91% | 1.55% | |
| 2024 | -1.40% | -1.45% | -5.89% | 0.17% |
| 2023 | 4.46% | -1.61% | -5.60% | -6.39% |
| 2022 | -4.20% | 0.20% | -5.90% | -7.73% |
| 2021 | 0.84% | 1.33% | 3.18% | -3.96% |
| 2020 | -0.41% | 2.50% | 1.91% | -2.82% |
| 2019 | 4.84% | 2.60% | -3.70% | -0.97% |
| 2018 | 3.93% | 5.48% | -1.05% | -8.36% |
| 2017 | 4.38% | 4.31% | 1.07% | 2.52% |
| 2016 | -5.48% | 2.94% | 6.24% | 3.12% |
| 2015 | 4.51% | 4.05% | 0.92% | -8.80% |
| 2014 | -1.26% | 2.01% | 4.72% | 2.66% |
| 2013 | 4.27% | 0.46% | 2.11% | -3.51% |
| 2012 | 4.95% | 6.19% | 8.05% | 0.72% |
| 2011 | 8.12% | 3.05% | 0.47% | -6.08% |
| 2010 | 5.88% | 2.03% | 8.30% | 0.42% |
| 2009 | 4.35% | 11.20% | 8.32% | 0.74% |
| 2008 | 6.31% | -1.49% | -1.54% | -15.57% |
| 2007 | 3.91% | 3.93% | 2.89% | 8.96% |
| 2006 | 2.47% | -1.21% | 0.64% | -0.05% |
| 2005 | 13.57% | -2.24% | 0.73% | -4.58% |
| 2004 | 19.79% | -4.35% | 8.29% | 2.34% |
| 2003 | -5.41% | -1.33% | 3.64% | 6.24% |
| 2002 | -1.11% | -1.04% | -6.53% | -2.42% |
| 2001 | 1.37% | -1.74% | -4.30% | -1.87% |
| 2000 | 0.70% | -9.25% | 2.85% | -7.12% |
| 1999 | -2.39% | 1.27% | -2.99% | -0.62% |
| 1998 | -11.10% | -19.62% | -12.33% | 9.45% |
| 1997 | 19.44% | 4.33% | -2.30% | -9.94% |
| 1996 | 6.84% | -0.07% | 1.49% | 12.06% |
| 1995 | 1.15% | -6.95% | -7.90% | 1.66% |
| 1994 | 16.84% | -5.65% | -2.24% | -7.42% |
| 1993 | 7.57% | 0.90% | 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.
Yearly change in house prices, nominal and inflation-adjusted
| Year | Inflation Adjusted | Nominal Change |
| 2025 | 0.78% | 1.99% |
| 2024 | -8.39% | -7.10% |
| 2023 | -9.17% | -6.99% |
| 2022 | -16.66% | -15.03% |
| 2021 | 1.25% | 3.69% |
| 2020 | 1.09% | 0.18% |
| 2019 | 2.57% | 5.51% |
| 2018 | -0.60% | 1.90% |
| 2017 | 12.81% | 14.74% |
| 2016 | 6.60% | 7.86% |
| 2015 | 0.09% | 2.41% |
| 2014 | 8.29% | 13.55% |
| 2013 | 3.21% | 7.69% |
| 2012 | 21.28% | 25.68% |
| 2011 | 5.14% | 11.10% |
| 2010 | 17.49% | 21.01% |
| 2009 | 26.61% | 28.53% |
| 2008 | -12.95% | -11.11% |
| 2007 | 21.08% | 25.69% |
| 2006 | 1.82% | 4.11% |
| 2005 | 6.71% | 8.16% |
| 2004 | 26.98% | 27.37% |
| 2003 | 2.77% | 0.93% |
| 2002 | -10.75% | -12.20% |
| 2001 | -6.46% | -9.78% |
| 2000 | -12.71% | -14.52% |
| 1999 | -4.70% | -8.51% |
| 1998 | -31.43% | -32.52% |
| 1997 | 9.64% | 15.24% |
| 1996 | 21.42% | 29.45% |
| 1995 | -11.88% | -5.63% |
| 1994 | -0.23% | 9.23% |
This table shows how house prices have changed over each year. It compares the latest quarter or month of a given year with the same period the year before, so you can quickly see whether prices went up or down over that year.
