Residential property price statistics from different countries

Residential property price statistics from different countries. Contains property price indicators (real series are the nominal price series deflated by the consumer price index), both in levels and in growth rates. Can be used for property market analysis.

Data

This data comes from Bank For International Settlements BIS. There are several series of data on the BIS site:

• detailed data set. Format: xlsx
• [source of this repo] selected series (nominal and real), available via the BIS SDMX REST API
• long series. Formats: xlsx, csv
• Commercial property price series. Format: xlsx

Here we use Selected series set, reasons are:

• 'Selected series' dataset covers most of the countries
• available via the BIS SDMX API: https://stats.bis.org/api/v2/data/dataflow/BIS/WS_SPP/1.0
• facilitates access for users and enhance comparability.

Data format

Output is four files with different metrics:

• data/nominal_index.csv Nominal Index, 2010 = 100
• data/nominal_year.csv Nominal Year-on-year changes, in per cent
• data/real_index.csv Real Index, 2010 = 100
• data/real_year.csv Real Year-on-year changes, in per cent

Each file structure is like this:

date,country_code,country,price
2012-06-30,PH,Philippines,114.5
2012-06-30,PL,Poland,97.36
2012-06-30,PT,Portugal,88.15
2012-06-30,RO,Romania,84.61
2012-06-30,RS,Serbia,96.48
2012-06-30,RU,Russia,89.81
2012-06-30,SE,Sweden,103.47

Detailed Data Description:

Contains data for 60+ countries and regions at a quarterly frequency (real series are the nominal price series deflated by the consumer price index), both in levels and in growth rates (ie four series per country). These indicators have been selected from the detailed data set to facilitate access for users and enhance comparability. The BIS has made the selection based on the Handbook on Residential Property Prices and the experience and metadata of central banks. An analysis based on these selected indicators is also released on a quarterly basis, with a particular focus on longer-term developments in the May release.

Data quirks

• Dates are the last day of each quarter (e.g. 2023-09-30 for Q3 2023).
• country_code uses ISO 3166-1 alpha-2 codes for individual countries plus BIS aggregate codes: XM (Euro area), XW (World), 4T (Emerging market economies), 5R (Advanced economies).
• Early rows (roughly pre-1970 for most countries) have an empty price field because source data does not extend that far back; the BIS source file contains columns for all quarters from 1927 onward.

Preparation

You will need python and pip installed to run the data downloading and processing script.

# if you don't have "git" you can download and unzip the datapackage directly from this page.
git clone https://github.com/datasets/house-prices-global.git

python scripts/process.py

Automation

Up-to-date (auto-updates every month) house-prices-global dataset could be found on the datahub.io: https://datahub.io/core/house-prices-global

License

The data source is National sources, Bank for International Settlements ("BIS") Residential Property Price database, https://www.bis.org/statistics/dataportal/pp.htm.
You can use this data following BIS rules (attribution to BIS as source is required):
https://www.bis.org/terms_conditions.htm#Copyright_and_Permissions
https://www.bis.org/terms_statistics.htm