Residential Property Prices for India
QINN628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
338.12
Year-over-Year Change
10.03%
Date Range
1/1/2009 - 10/1/2024
Summary
The Residential Property Prices for India index tracks changes in the average cost of residential real estate across major Indian cities. This metric is closely watched by policymakers, investors, and economists to assess housing affordability and broader macroeconomic trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Residential Property Prices for India index is a quarterly measure of price movements in the Indian residential real estate market. It is calculated by the Bank for International Settlements (BIS) and serves as a key indicator of housing market conditions and overall economic activity.
Methodology
The index is compiled from survey data on property transactions and listings across multiple Indian cities.
Historical Context
Residential property prices are a leading indicator of consumer demand, construction activity, and broader economic health.
Key Facts
- India is the world's second-largest real estate market.
- Residential property prices grew over 5% annually from 2015-2020.
- Housing affordability is a major policy concern in many Indian cities.
FAQs
Q: What does this economic trend measure?
A: The Residential Property Prices for India index tracks changes in the average cost of residential real estate across major Indian cities.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, investors, and economists to assess housing affordability and broader macroeconomic trends in India.
Q: How is this data collected or calculated?
A: The index is compiled from survey data on property transactions and listings across multiple Indian cities.
Q: How is this trend used in economic policy?
A: Residential property prices are a leading indicator of consumer demand, construction activity, and broader economic health, making this index relevant for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The Residential Property Prices for India index is published quarterly, with a potential 1-2 quarter delay in the most recent data.
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Citation
U.S. Federal Reserve, Residential Property Prices for India (QINN628BIS), retrieved from FRED.