Residential Property Price Indices (RPPIs) - Headline indicators
< < >-< OECD.Stat
Open all groups and itemsClose all groups and itemsSend link via emailPrintOpen in stand alone windowClose this window
Click to expand Database Specific
Click to collapse Database Specific
Click to expand Abstract
Click to collapse Abstract

Residential Property Prices Indices (RPPIs) – also named House price indices (HPIs), are index numbers that measure the price of residential properties over time. RPPIs are key statistics not only for citizens and households across the world, but also for economic and monetary policy makers. Among their professional uses, they serve, for example, to monitor macroeconomic imbalances and risk exposure of the financial sector.

This dataset covers the 34 OECD member countries and some non-member countries. Please note that not all RPPIs are available for all countries. For instance, the RPPI at the most aggregate level for the United States only covers single-family dwellings, not all types of dwellings as it is the case for most other OECD countries. This dataset presents, for each country, the RPPI that is available at the most aggregate level. It mainly contains quarterly statistics.

The dataset called “Residential Property Price Indices (RPPIs) – Complete dataset” contains the full list of available RPPIs. The dataset called “Analytical house price indicators” contains, in addition to nominal RPPIs, information on real house prices, rental prices and the ratios of nominal prices to rents and to disposable household income per capita. The datasets “Analytical house price indicators” and “Residential Property Price Indices (RPPIs) – Headline Indicators” do not refer to the same price indices for Brazil, Canada, China, Germany, the United States and the Euro area. These differences are further documented in country-specific metadata. For the United States, the series used in “Analytical house price indicators” is included in the dataset called “Residential Property Price Indices (RPPIs) – Complete database”, but is not the headline indicator. For all other countries, non-seasonally adjusted price indices in both datasets are identical in the period in which they overlap.For all other countries, non-seasonally adjusted price indices in both datasets are identical on the overlapping period.

Click to expand Source
Click to collapse Source
Click to expand Data Characteristics
Click to collapse Data Characteristics
Click to expand Other data characteristics
Click to collapse Other data characteristics

Types of dwelling - please note that the classification and terminology may differ significantly from country to country.
• 'All type of dwellings' refers to all kind of dwellings purchased by households regardless of their the structural characteristics, e.g. single-detached houses, semi-detached houses, terraced houses, row houses or townhouses, multi-family apartments, condominiums, and coops, etc.
• 'Single-family dwellings' are generally free standing residential building, e.g. detached house
• 'Multi-family dwellings' are multiple separate housing units for residential inhabitants contained within one building or several buildings within one complex, e.g. apartment building, duplex or semi-detached house, and townhouse.

Click to expand Unit of measure used
Click to collapse Unit of measure used

Index (2010=100), Percentage change on the same period of the previous year, Percentage change from previous period

Click to expand Variables collected
Click to collapse Variables collected

• RPPI - Sales of newly-built and existing dwellings, all types of dwellings;
- RPPI - Sales of newly-built and existing dwellings, single family dwellings;
- RPPI - Sales of newly-built and existing dwellings, multi family dwellings;
• RPPI - Sales of newly-built dwellings, all types of dwellings;
- RPPI - Sales of newly-built dwellings, single family dwellings;
- RPPI - Sales of newly-built dwellings, multi family dwellings;
- RPPI - Sales of newly-built dwellings, building component;
- RPPI - Sales of newly-built dwellings, land component;
• RPPI - sales of existing dwellings, all types of dwellings;
- RPPI - Sales of existing dwellings, single family dwellings;
- RPPI - Sales of existing dwellings, multi family dwellings;
• RPPI - Total stock of newly-built and existing residential dwellings, all types of dwellings;
• RPPI - Stock of existing residential dwellings, all types of dwellings.

Click to expand Population & Scope
Click to collapse Population & Scope
Click to expand Statistical population
Click to collapse Statistical population

The 'Residential property Price Indices - Headline indicators' mainly contains quarterly statistics and related statistical methodological information for the 34 OECD member countries and some non-member countries.

The Price Index based on sales of newly-built and existing dwellings over the whole country (RPPI - Sales of newly-built and existing dwellings, all types of dwellings, whole country) was systematically selected when available. When this indicators was not available, another one was selected. This is particularly true for Switzerland, Canada, Turkey, Japan, Norway, Australia, Greece, Korea and the United States.

Data are available at a quarterly frequency for all countries. For Canada, Chile, Israel, Japan, Korea and Turkey monthly data are also available.

Click to expand Concepts & Classifications
Click to collapse Concepts & Classifications
Click to expand Other Aspects
Click to collapse Other Aspects
Click to expand Recommended uses and limitations
Click to collapse Recommended uses and limitations

Indicators have been prepared by national statistical agencies primarily to meet the requirements of users within their own country. In most instances, the indicators are compiled in accordance with international statistical guidelines and recommendations. However, national practices may depart from these guidelines, which may alter the international comparability of RPPIs. These potential departures are documented in the metadata for the relevant countries.
In the future, this dataset currently focusing on RPPIs will be complemented with other indicators that are useful for the economic analysis of the housing market.

Residential Property Price Indices (RPPIs) - Headline indicators Abstract

Residential Property Prices Indices (RPPIs) – also named House price indices (HPIs), are index numbers that measure the price of residential properties over time. RPPIs are key statistics not only for citizens and households across the world, but also for economic and monetary policy makers. Among their professional uses, they serve, for example, to monitor macroeconomic imbalances and risk exposure of the financial sector.

This dataset covers the 34 OECD member countries and some non-member countries. Please note that not all RPPIs are available for all countries. For instance, the RPPI at the most aggregate level for the United States only covers single-family dwellings, not all types of dwellings as it is the case for most other OECD countries. This dataset presents, for each country, the RPPI that is available at the most aggregate level. It mainly contains quarterly statistics.

The dataset called “Residential Property Price Indices (RPPIs) – Complete dataset” contains the full list of available RPPIs. The dataset called “Analytical house price indicators” contains, in addition to nominal RPPIs, information on real house prices, rental prices and the ratios of nominal prices to rents and to disposable household income per capita. The datasets “Analytical house price indicators” and “Residential Property Price Indices (RPPIs) – Headline Indicators” do not refer to the same price indices for Brazil, Canada, China, Germany, the United States and the Euro area. These differences are further documented in country-specific metadata. For the United States, the series used in “Analytical house price indicators” is included in the dataset called “Residential Property Price Indices (RPPIs) – Complete database”, but is not the headline indicator. For all other countries, non-seasonally adjusted price indices in both datasets are identical in the period in which they overlap.For all other countries, non-seasonally adjusted price indices in both datasets are identical on the overlapping period.

Contact person/organisation

OECD Statistics Directorate: contact: STAT.Contact@oecd.org

Unit of measure used

Index (2010=100), Percentage change on the same period of the previous year, Percentage change from previous period

Variables collected

• RPPI - Sales of newly-built and existing dwellings, all types of dwellings;
- RPPI - Sales of newly-built and existing dwellings, single family dwellings;
- RPPI - Sales of newly-built and existing dwellings, multi family dwellings;
• RPPI - Sales of newly-built dwellings, all types of dwellings;
- RPPI - Sales of newly-built dwellings, single family dwellings;
- RPPI - Sales of newly-built dwellings, multi family dwellings;
- RPPI - Sales of newly-built dwellings, building component;
- RPPI - Sales of newly-built dwellings, land component;
• RPPI - sales of existing dwellings, all types of dwellings;
- RPPI - Sales of existing dwellings, single family dwellings;
- RPPI - Sales of existing dwellings, multi family dwellings;
• RPPI - Total stock of newly-built and existing residential dwellings, all types of dwellings;
• RPPI - Stock of existing residential dwellings, all types of dwellings.

Other data characteristics

Types of dwelling - please note that the classification and terminology may differ significantly from country to country.
• 'All type of dwellings' refers to all kind of dwellings purchased by households regardless of their the structural characteristics, e.g. single-detached houses, semi-detached houses, terraced houses, row houses or townhouses, multi-family apartments, condominiums, and coops, etc.
• 'Single-family dwellings' are generally free standing residential building, e.g. detached house
• 'Multi-family dwellings' are multiple separate housing units for residential inhabitants contained within one building or several buildings within one complex, e.g. apartment building, duplex or semi-detached house, and townhouse.

Statistical population

The 'Residential property Price Indices - Headline indicators' mainly contains quarterly statistics and related statistical methodological information for the 34 OECD member countries and some non-member countries.

The Price Index based on sales of newly-built and existing dwellings over the whole country (RPPI - Sales of newly-built and existing dwellings, all types of dwellings, whole country) was systematically selected when available. When this indicators was not available, another one was selected. This is particularly true for Switzerland, Canada, Turkey, Japan, Norway, Australia, Greece, Korea and the United States.

Data are available at a quarterly frequency for all countries. For Canada, Chile, Israel, Japan, Korea and Turkey monthly data are also available.

Key statistical concept

International guidelines for the compilation of RPPIs are given in the Handbook on Residential Price Property Indices which was published in 2013

Linkhttp://www.oecd.org/publications/handbook-on-residential-property-price-indices-9789264197183-en.htm
Recommended uses and limitations

Indicators have been prepared by national statistical agencies primarily to meet the requirements of users within their own country. In most instances, the indicators are compiled in accordance with international statistical guidelines and recommendations. However, national practices may depart from these guidelines, which may alter the international comparability of RPPIs. These potential departures are documented in the metadata for the relevant countries.
In the future, this dataset currently focusing on RPPIs will be complemented with other indicators that are useful for the economic analysis of the housing market.