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House Price Time Series

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%)

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.