---
title: Here Are the 10 Countries Where Home Prices Are Climbing Fastest
description: Do you think U.S. home prices are not affordable? Try moving to Israel, Switzerland or Germany — where house price increases surpass America.
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role: Senior Editor
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published: '2021-08-31T16:39:15.000Z'
modified: '2022-03-17T16:33:15.000Z'
section: Housing
tags:
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> **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/).
It's gotten way harder to find a [house you can afford](https://money.com/how-much-house-can-i-afford/) in America lately. But the U.S. is not the most expensive place to [buy a home](https://money.com/want-to-buy-a-home-starting-tips/) by a long shot, nor is it the country where real estate prices have increased the most over the past decade.
According to data gathered by [money.co.uk](https://www.money.co.uk/mortgages/global-property-increases) (no relation to [money.com](https://money.com/), but we should probably be friends or something), the country with the highest property price increase from 2010 to 2020 was Israel, where there was a staggering 346% rise in costs per square meter.
Switzerland and Germany come next, with increases of 166% and 162%, followed by the United States at 153%. Hungary, Slovakia, France, Portugal, Japan and the United Kingdom round out the rest of the top 10, all with average home price increases of at least 75%.
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On the other hand, the country with the most expensive residential properties as of 2020 — based on the average price per square meter, in cities and outside city centers — is South Korea, followed by Switzerland, France, Israel and Japan.
The U.S. is not in the top 10 based on that criteria, and is a more affordable place to buy a home than all of those countries, as well as places such as New Zealand, Australia, Canada and much of Europe.
[Money.co.uk](https://www.money.co.uk/about.htm) is a free site based in the UK that lets users compare financial services. The data in its study come from publicly available sources such as [numbeo.com](https://www.numbeo.com/cost-of-living/historical-data-analysis), which is where the average property price numbers originate.
Meanwhile, data from the [St. Louis Fed](https://fred.stlouisfed.org/series/MSPUS) shows how the percentage increases translate into actual price changes for U.S. homes. In the first quarter of 2010, the median sales price for U.S. homes was $222,900. Ten years later, that price rose by over $100,000, to $329,000.
Home prices have continued getting more expensive after that first quarter of 2020, when the pandemic hit and the residential [housing market really took off](https://money.com/home-price-forecasts/), and historically [low mortgage rates](https://money.com/mortgage-rates/) have helped keep it hot. Median sales prices in the U.S. rose to $369,800 during the first quarter of 2021, and then crept up to $374,900 in the second quarter.
These are very real price increases, even after factoring in for inflation. That $222,900 median home price in 2010 translates to roughly $279,000 in today's dollars, according to [inflation calculators](https://www.in2013dollars.com/us/inflation/2010?amount=222900).
While soaring home prices are undeniably a massive hurdle for [first-time buyers](https://money.com/first-time-buying-home-checklist/), they're also a boon for many baby boomers who are [poised to cash in](https://money.com/home-equity-high-prices-retirement-baby-boomers/) on their homes — which are worth an extraordinary amount more nowadays.
## Don't have the 20% down? No worries!
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[VIEW RATES](https://money.com/pr/x931b62b40e8?ap_referrer=%2Fhome-prices-increased-by-country%2F)
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