The 10 countries with the highest returns on housing investment

A comparison of housing market returns across 60 countries and regions over 2015-2025 found that Europe dominated the top 10 destinations for residential investment, with annualized estimated returns exceeding 14% when dollar-denominated price appreciation and gross rental yields were combined. The study ranked markets by total return rather than price growth alone, capturing both capital gains and income. The findings matter for cross-border property investors weighing currency effects against rental income. What to watch next is whether the European markets that led the decade can sustain those returns as financing costs and housing affordability pressures reshape demand.