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House Price Time Series

Last Updated: Sep 16, 2009

We collect house price time-series for 57 countries. For the rest of the world, reliable historical data is just not available.

House Price Change - Case Shiller index
% change over a year earlier (United States - -14.95%)


>> Australia -1.39%
>> Bulgaria -21.89%
>> Canada -3.13%
>> China 0.39%
>> Estonia -30.80%
>> France -6.63%
>> Portugal -1.52%
>> Singapore -24.90%
>> Spain -8.35%
>> UAE -48.06%
>> UK -11.72%
>> More >>



In these 57 countries, by preference we use central bank or national statistical institute data. But occasionally, we use data generated by realtors (Colliers for the Philippines) or other data – Japan generates no dwelling price statistics, so we use land prices as a proxy for dwelling prices. It’s no excuse, but everyone else does the same.

Rentals

Few countries generate ‘clean’ rentals time series (most CPI-based rentals series are compromised by the inclusion of social housing). Since the number of countries with reliable rents data is too small to be interesting, we don’t collect this data.

Global Property Guide yields data

The significant weaknesses in the available time-series data is the main reason that the Global Property Guide’s in-house research team generates house price and rentals data for around 100 countries. However this yields data is not a time series, because we have just started collecting it.

Click here for our yields data. We began collecting data this systematically last year. A version of this yields data, in Excel, tailored to the needs of financial institutions is available here.

Sources of the house-price time-series

A complete list of all the sources of our house price time-series, with live links to the sites that supply the data.


COUNTRY DEFINITION SOURCE
Argentina Ave. value of old
apartments, Buenos Aires
Reporte Inmobiliario
Australia House price index, 8 capital cities AusStat
Weighted average median house price REIA
Austria Residential property price index, Vienna Oesterreichische (Austria) National Bank
Residential property price index Oesterreichische (Austria)Nationalbank
Belgium Residential property price index, Flats Institut National de Statistique
Bulgaria Average market prices of dwellings National Statistical Institute
Canada New housing price index Canadian Statistics
China Second-hand house price index, Shanghai eHomeday
Colombia New housing price index Departamento Administrativo Nacional de Estadística
Croatia Price index of new dwellings sold Croatian Bureau of Statistics
Cyprus Buy/sell house price index MAP S. Platis
Czech Republic Property prices, apartments,
transfer prices according tax returns
Czech Statistical Office
Denmark Price index for sales of property, one family houses StatBank Denmark
Single-family and terrace Houses Association of Danish Mortgage Banks
Estonia Ave. price per sq.m. of dwellings in
satisfactory condition, 2 rooms & kitchen, Tallinn
Statistical Office of Estonia
Finland Dwellings in old blocks of Flat, whole country StatFin -Online Service
France Price of existing apartments, Paris National Institute for Statistics and Economic Studies
Price of existing apartments FNAIM
Germany Prices of owner-occupied flats BulweinGesa
Greece Index of prices of dwellings, other urban Bank of Greece
Hong Kong HKU- real estate index series Versitech Ltd.
HK private domestic, price index, all classes Ratings and Valuation Department
Hungary House prices, Budapest - old condominium Otthon Centrum
Iceland House price index Statistics Iceland
India NHB Residex, Per City National Housing Bank
Indonesia Residential property price index, new houses, big cities Bank Indonesia
Ireland Residential property prices, new houses DOEI
Israel Ave. prices of owner occupied dwellings Central Bureau of Statistics
Italy Average price for residential, 13 urban areas Nomisma Spa Real Estate
House price index Banca D'Italia
Japan Land price index, residential, 6 major cities Japan Real Estate Institute
Average price of new condominuim sale, Tokyo Metropolitan Area The Land Institute of Japan
Land price index, urban residential Japan Real Estate Institute
Jersey Average price of dwellings, Jersey States of Jersey Statistical Bureau
Latvia Average price of sales of dwellings Central Statistical Bureau of Latvia
Ave. price of standard-type apartments in Riga Arco Real Estate
Lithuania Ave. price of one- to two-room apartments, Vilnius Invalda Real Estate
Luxembourg Price of habitable surface STATEC Luxembourg
Advertised selling price of houses Departement du Logement
Malaysia House price index Bank Negara Malaysia
Malta House price index Central Bank of Malta
Netherlands Price index of existing owner-occupied homes Statistics Netherlands
New Zealand Median sales price of houses Real Estate Institute of New Zealand
Norway House price index, all dwellings, seasonally adjusted Statistics Norway
Philippines Ave. price of prime
3-bedroom condominiums, Makati CBD
Colliers International
Poland Ave. price of new flats in Warsaw REAS Konsulting
Portugal Bank evaluation on housing, mainland Instituto Nacional de Estatística de Portugal (INE)
Puerto Rico Median house price, Puerto Rico Studios Tecnicos Inc.
Russia Price index of dwellings in secondary market Federal State Statistics Services
Price index, all apartments, secondary market, Moscow Federal State Statistics Service
Price index, all apartments, secondary market, St. Petersburg Federal State Statistics Service
Serbia Price of Dwellings of New Construction Statistical Office of the Republic of Serbia
Singapore Property price index, private residential Urban Redevelopment Authority
Slovakia Residential Property Prices, Slovakia National Bank of Slovakia
Slovenia Average price of apartments, Ljubljana SLONEP
Price index of second-hand flats, Ljubljana Statistical Office of Slovenia
South Africa ABSA House price index ABSA
South Korea House price index Kookmin Bank
Spain Ave. price for open-market appraised housing Banco de España
Sweden Real estate price index for 1- & 2- dwelling buildings Statistics Sweden
Switzerland House price index of rental apartments Swiss National Bank
Taiwan House Price Index Sinyi Property Inc.
Thailand House price index, single detached houses Bank of Thailand
Trinidad and Tobago Median house price, Trinidad and Tobago Central Bank of Trinidad and Tobago
UAE House price index, foreign ownership areas, Dubai Colliers International
Uruguay Average price of apartments, Montevideo Situacion Inmobiliaria
Ukraine Average price of flats, Kiev Blagovest
United Kingdom House price index, all houses, seasonally-adjusted Halifax
United States Purchase price, national average, all homes Federal Housing Finance Agency
Purchase-only index, Seasonally-adjusted Federal Housing Finance Agency
Case-Shiller, national house price index Standard and Poor's
Average house price, composite 10 cities Standard and Poor's

Quality of statistics

The house price time-series from Spain and Cyprus are known to be unreliable, and we doubt eHomeday’s statistics in China. Comments on the quality of country house price time-series are found under the individual country graphs here.

One reason for poor statistics, is that governments normally use house sales to collect taxes. Individuals therefore have strong incentives to under-report sale prices. Most statistical bodies in developing countries realize this, and sensibly do not attempt to collect property price statistics. The Global Property Guide believes that in most developing countries it is better to use offer-for-sale and offer-for-rent prices.

The house price time-series are available in handy form in one Excel spread-sheet, regularly updated, for a price, here.

 

 


See price trends in detail for the following countries: