About property price statistics

These statistics track developments in residential property prices (RPP) and commercial property prices (CPP) across the world via four data sets - detailed residential, selected residential, long 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.

Real residential property price indices for major regional aggregates and countries

Real residential property price indices for major regional aggregates and countries

About our data sets

The detailed data set of nominal residential property prices consists of around 300 series from 60 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. An analysis based on these selected indicators is released quarterly, and a longer-term view is provided in the May 2017 release and in the June 2017 BIS Quarterly Review. 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.

The long series on nominal residential property prices provide quarterly information on nominal residential property prices for 18 advanced and five emerging market economies. A single series is available for each country. 

The series have been constructed using data provided by various sources, including central banks, national statistical offices, research institutes, private companies and academic studies. The underlying series can make use of different methodologies and cover different geographical areas and types of dwellings. The BIS has compiled these series on a best-efforts basis but cannot guarantee their accuracy.

This data set contains nominal commercial property prices for 15 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 and September 2017.