September 30, 2018

BIS Property Price Indices

BIS Residential Property Price Index (RPPI)

Note: Quarterly RPPI series statistic has been calculated by the BIS as the average of monthly observations. The nominal value is based on average for 2010=100 and the real value is the nominal value deflated by the consumer price index (average for 2010=100)

Published quarterly by Bank of International Settlements (BIS). Updated till the second quarter of 2018 (published on July 30th, 2018)

BIS Residential Property Price Index (RPPI) Annual Series

Note: Annual RPPI (long) series statistics has been constructed from the quarterly series (1995=100) using the last quarter value for each year and are not seasonally adjusted. Consumer price index statistic comes from IMF World Economy Database (WEO) and it is the average of the period.

BIS Commercial Property Price Index (CPPI)

Note: Commercial property prices for Indonesia and Philippines are in respect to their national currencies (Indonesian Rupiah and Philippines Peso)

Brief Overview

The residential property price index (RPPI) are compiled by the Bank for International Settlements (BIS) on a quarterly basis. The set contains data for 59 countries at a quarterly frequency (real series are the nominal price series deflated by the consumer price index), both in levels and in growth rates. Property price indices aim to capture the trend in the average price of dwellings in a given area although the heterogeneity of the property market complicates the construction of the index. House price data have a decisive effect on the economy and the importance of tracking it has increased since the sub-prime crisis in 2008. Movement in property prices indicates a change in household wealth which further indicates shifts in household consumption. 

Commercial property price series spans 15 countries at a quarterly frequency. The data differ significantly from country to country - eg in terms of a type of property, an area covered and compilation method. Commercial properties include properties rented out at market prices, built for future sale, or used for the production of market goods and services. Commercial property price indicators (CPPIs) have long been seen as a useful tool for monitoring financial stability and macroeconomic developments.

For more information please visit the official website.