Real Residential Property Prices for Hong Kong SAR
QHKR628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.07
Year-over-Year Change
-29.68%
Date Range
10/1/1979 - 1/1/2025
Summary
The 'Real Residential Property Prices for Hong Kong SAR' measures the inflation-adjusted price changes of residential properties in Hong Kong. This key indicator provides insights into the state of the Hong Kong real estate market and informs housing and economic policies.
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 the real prices of residential properties in Hong Kong, adjusting for inflation. It is a important barometer of housing affordability and real estate market conditions in one of the world's most dynamic urban centers.
Methodology
The data is calculated by the Bank for International Settlements using official property price and inflation indices.
Historical Context
Policymakers and analysts closely monitor this series to assess housing market risks and the overall health of the Hong Kong economy.
Key Facts
- Hong Kong has one of the least affordable housing markets globally.
- Real residential prices in Hong Kong have risen over 250% since 2003.
- Hong Kong's government has implemented various cooling measures to stabilize the housing market.
FAQs
Q: What does this economic trend measure?
A: This series tracks the inflation-adjusted changes in residential property prices in Hong Kong, providing insights into housing affordability and real estate market conditions.
Q: Why is this trend relevant for users or analysts?
A: The Hong Kong real estate market is a key driver of the local economy, and monitoring real property prices is crucial for policymakers, investors, and consumers.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using official property price and inflation indices for Hong Kong.
Q: How is this trend used in economic policy?
A: Governments and central banks closely monitor this series to assess housing market risks and implement appropriate policies to maintain financial stability and affordability.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may not capture the most recent market developments.
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Citation
U.S. Federal Reserve, Real Residential Property Prices for Hong Kong SAR (QHKR628BIS), retrieved from FRED.