Real Residential Property Prices for Euro area
QXMR628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.15
Year-over-Year Change
-8.31%
Date Range
1/1/1975 - 10/1/2024
Summary
The Real Residential Property Prices for Euro area measures the inflation-adjusted value of residential real estate in the Eurozone. This trend is a key economic indicator used by policymakers and analysts to gauge the state of the housing market and broader economic conditions.
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
This series tracks changes in the prices of residential properties across the Eurozone, adjusting for inflation. It provides insights into the performance and health of the regional housing market, which has important implications for consumer spending, construction activity, and financial stability.
Methodology
The data is collected and calculated by the Bank for International Settlements (BIS) using national accounts and real estate price information.
Historical Context
Policymakers and economists closely monitor this trend to inform decisions around monetary policy, macroprudential regulation, and housing market interventions.
Key Facts
- The index base year is 2015=100.
- Prices have risen over 20% since 2015.
- Housing is a major component of household wealth.
FAQs
Q: What does this economic trend measure?
A: The Real Residential Property Prices for Euro area measures the inflation-adjusted value of residential real estate across the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This trend provides key insights into the health and performance of the regional housing market, which has important implications for consumer spending, construction activity, and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements (BIS) using national accounts and real estate price information.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to inform decisions around monetary policy, macroprudential regulation, and housing market interventions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Real Residential Property Prices for Euro area (QXMR628BIS), retrieved from FRED.