## Figure 2.1. Historical Developments in Real House Prices

## Source details

**Canonical URL:** [Figure 2.1. Historical Developments in Real House Prices](https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch2data/charts/figure2-1.pdf)

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### Comovement and overall pattern
- "Comovement in house prices in advanced and emerging market economies is prevalent, but differences can be large ... and in most economies, real house prices have increased considerably since 2013."

### 1. Advanced Economies: Annual Change in Real House Prices
- Coverage: (Percent; 1971:Q1–2018:Q2)
- Distribution shown: median, 25th–75th percentile, and 10th–90th percentile.
- Cities/areas listed (ISO country codes and labels as in figure):
  - ITA: Rome
  - IRL: Dublin
  - FIN: Metro area
  - SGP: Core central region
  - KOR: Southern Seoul
  - FRA: Inner Paris
  - ESP: Madrid
  - USA: New York
  - BEL: Brussels
  - AUT: Vienna
  - CHE: Zurich area
  - JPN: Tokyo
  - HKG: Urban areas
  - DEU: Berlin
  - SWE: Greater Stockholm
  - NLD: Amsterdam
  - GBR: London
  - DNK: Copenhagen
  - NOR: Oslo
  - CAN: Toronto
  - AUS: Sydney
  - NZL: Auckland

### 2. Emerging Market Economies: Annual Change in Real House Prices
- Coverage: (Percent; 1995:Q1–2018:Q1)
- Distribution shown: median, 25th–75th percentile, and 10th–90th percentile.
- Cities/areas listed (ISO country codes and labels as in figure):
  - RUS: Moscow
  - MEX: Mexico City
  - BRA: São Paulo
  - COL: Bogotá and Soacha
  - IND: Mumbai
  - MYS: Kuala Lumpur
  - CHL: South Santiago
  - TUR: Istanbul
  - CHN: Shanghai
  - ZAF: Cape Town

### 3. Advanced Economies: Average Annual Real House Price Growth in Selected Economies and Cities
- Coverage: (Percent; 2013–18:Q2)
- Distribution shown: median, 25th–75th percentile, and 10th–90th percentile.
- Note: For Chile, the data are available to 2017:Q4; for Malaysia, 2016:Q4; for Dublin, 2016:Q4; and for Oslo, 2017:Q4.

### 4. Emerging Market Economies: Average Annual Real House Price Growth in Selected Economies and Cities
- Coverage: (Percent; 2013–18:Q2)
- Distribution shown: median, 25th–75th percentile, and 10th–90th percentile.

### Sources and methodological note
- Sources: Bank for International Settlements; national statistical offices; Organisation for Economic Co-operation and Development; and IMF staff calculations.
- Note: Panels 1 and 2 show the distribution of four-quarter real house price changes (median, interquartile, and 10th–90th percentile range) for advanced and emerging market economies. Data labels in the figure use International Organization for Standardization (ISO) country codes.

*Figure 2.1. Historical Developments in Real House Prices (from figure2-1).*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch2data/charts/figure2-1.pdf_