Statistics Illustrated

House Price Indices (HPI) measure inflation in the residential property market. The HPI captures price changes of residential properties purchased by households (flats, detached houses, terraced houses, etc.), both new and existing. Only market transactions are considered, self-build dwellings are therefore excluded. The land component of the residential property is included. The national HPIs are produced by National Statistical Institutes, while the European aggregates are computed by Eurostat.