About property price statistics
These statistics track developments in residential property prices (RPP) and commercial property prices (CPP) across the world via three data sets - detailed residential, selected residential and commercial. The selected residential property prices are harmonised as much as possible with recommendations in the Handbook on residential property prices, an internationally agreed framework for classifying property price issues.
About our data sets
The detailed data set of nominal residential property prices consists of more than 300 series from 61 countries, collected from national central banks. The data set is updated monthly.
These data series differ significantly from country to country, varying in frequency, type of property and vintage, covered area, priced unit, compilation method or seasonal adjustment. The specificities of each country's residential property markets and the absence of binding international standards for property price statistics could explain this variety.
The selected series (nominal and real) are derived from the detailed data set to facilitate cross-country analysis. From 2022 these quarterly indicators are released monthly and an analysis based on these indicators is released five months after the end of the latest period covered. An analysis based on these indicators is released quarterly. The series contain data for 59 countries.
A single series is selected for each country for this subset. In most cases, this series covers all types of dwellings in markets for both new and existing dwellings in the country as a whole. In addition to the nominal price series and their growth rates, the data set includes CPI-deflated versions of the series (and their growth rates). The selected data are as homogeneous as possible given the prevailing discrepancies in sources and compilation methods.
From May 2019 the selected series are back-calculated with historical data previously published as "long series on nominal residential property prices" for 18 advanced and for five emerging market economies.
This data set contains nominal commercial property prices for 21 countries at various frequencies and is updated monthly. The data differ significantly from country to country in terms of type of property, area covered, compilation method etc.
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. Yet their availability and international comparability were limited before the Great Financial Crisis. The Data Gaps Initiative (DGI) endorsed by the G20 asked the members of the Inter-Agency Group on Economic and Financial Statistics to improve the dissemination of CCPIs and to start methodological work for their compilation. The second phase of the DGI, initiated in 2015, builds on this preparatory work and recommends that international organisations enhance methodological guidance on the compilation of CPPIs and encourages dissemination of data on commercial property prices via the BIS website.
More information
In disseminating the commercial and residential property price statistics, the BIS and its member central banks are following up on the recommendations in The financial crisis and information gaps - a joint IMF/FSB report prepared for G20 Finance Ministers and Central Bank Governors. Recommendation 19 of the initial report advised the BIS and its member central banks to investigate how publicly available real estate price data are disseminated on its website. The initial joint report was published in October 2009 while the recommendations for the second phase were presented in September 2015. Further progress reports have subsequently been published in May 2010, June 2011, September 2012, September 2013, September 2014, September 2016, September 2017, September 2018, FSB and IMF publish 2019 Progress Report on G20 Data Gaps Initiative , FSB and IMF Publish 2020 Progress Report on G20 Data Gaps Initiative and FSB and IMF Publish 2021 Progress Report on the G20 Data Gaps Initiative.