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House price index in real terms (RHPI) of the Benelux region 2010-2018

House price index in real terms (RHPI) of Belgium, Luxembourg and the Netherlands (Benelux) from 1st quarter 2010 to 3rd quarter 2018*

by Raynor de Best, last edited Jan 15, 2019
House price index in real terms (RHPI) of the Benelux region 2010-2018 This statistic shows the house price index in real terms (RHPI) of the Benelux countries (Belgium, Luxembourg and the Netherlands) from the first quarter of 2010 to the third quarter of 2018. The RHPI measures price changes of single-family properties, adjusted for the impact of inflation. Real values are calculated using the so-called Personal Consumption Expenditure Deflator (PCE). This PCE, so the theory goes, includes expenditures that are not counted in the Consumer Price Index(CPI), such as medical and health care expenses paid by employers and other national health programs. Because the RHPI adjusts for house-buying power, it is also a measure of housing affordability.
In the third quarter of 2018, housing prices in real terms in Luxembourg reached an index of approximately 137.5. In 2016, approximately 50 percent of the respondents from the Netherlands believed housing prices were expensive, compared to approximately 90 percent of the respondents from Luxembourg.
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House price index in real terms (RHPI) of Belgium, Luxembourg and the Netherlands (Benelux) from 1st quarter 2010 to 3rd quarter 2018*

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