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.
The dataset called “Residential Property Price Indices (RPPIs) – Headline indicators” presents, for each country, the RPPI that is available at the most aggregate level. 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.
OECD Statistics Directorate: contact: STAT.Contact@oecd.org
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.
Index (2015=100), Percentage change on the same period of the previous year, Percentage change from previous period
• 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.
The 'Residential property Price Indices - Complete database' dataset mainly contains quarterly statistics and related statistical methodological information for the 34 OECD member countries and for some non-member countries.
This dataset focuses on comparable series for 3 target indicators:
1) RPPI - Sales of newly-built and existing dwellings, all types of dwellings, whole country;
2) RPPI - Sales of newly-built dwellings, all types of dwellings, whole country and;
3) RPPI - Sales of existing dwellings, all types of dwellings, whole country.
When none of these indicators was available, another one was selected. This is particularly true for Australia, Chile, Korea, Switzerland and the United States.
Data are available at a quarterly frequency for all the countries. For Canada, Chile, Israel, Japan, Korea and Turkey monthly data are also available.
International guidelines for the compilation of RPPIs are given in the Handbook on Residential Price Property Indices which was published in 2013
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 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.
The dataset called “Residential Property Price Indices (RPPIs) – Headline indicators” presents, for each country, the RPPI that is available at the most aggregate level. 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.
OECD Statistics Directorate: contact: STAT.Contact@oecd.org
Index (2015=100), Percentage change on the same period of the previous year, Percentage change from previous period
• 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.
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.
The 'Residential property Price Indices - Complete database' dataset mainly contains quarterly statistics and related statistical methodological information for the 34 OECD member countries and for some non-member countries.
This dataset focuses on comparable series for 3 target indicators:
1) RPPI - Sales of newly-built and existing dwellings, all types of dwellings, whole country;
2) RPPI - Sales of newly-built dwellings, all types of dwellings, whole country and;
3) RPPI - Sales of existing dwellings, all types of dwellings, whole country.
When none of these indicators was available, another one was selected. This is particularly true for Australia, Chile, Korea, Switzerland and the United States.
Data are available at a quarterly frequency for all the countries. For Canada, Chile, Israel, Japan, Korea and Turkey monthly data are also available.
International guidelines for the compilation of RPPIs are given in the Handbook on Residential Price Property Indices which was published in 2013
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.