Property Brief - March 2023 (Launch edition)

In nominal terms, average house prices for all buyers reached new highs in 2022. But if we adjust for inflation, we see a marginal decline, mainly due to financial pressures on consumers and homebuyers since the beginning of last year. Over the past six years, homebuying has nevertheless been a good hedge against inflation. Since 2016, the average nominal house price increased by 8.6% for all buyers and 7.1% for first -time buyers, compared to average inflation over this period of 5%