Housing cycles / IND
India
Real residential property prices, BIS index, 2009 to 2025-Q4. The index is rebased to 2010 = 100 for India alone, so its level says nothing next to another country’s. Growth and drawdown are comparable across countries; the level is not.
Real house price index, annual
Annual means of the quarterly real index. A year is plotted only if all four of its quarters are present, so a partial year is dropped rather than averaged over whatever is present.
Source: BIS residential property prices (selected series) Latest real quarter 2025-Q4 = 162.6; highest observed real quarter 2019-Q2 = 176.7. Methodology
Banking crises
The annual real index has no complete year at one or both ends of the required window for this crisis, so it cannot be measured. It is listed anyway, with the missing year named.
| Crisis | Run-up t-5 to t | Trough vs t | Years to trough |
|---|---|---|---|
| 1993 | not measurable: no complete index year at 1988 or at 1998 (the annual index runs 2009 to 2025) | ||
Source: BIS residential property prices (selected series) | Laeven and Valencia, Systemic Banking Crises Database (2025 update) 1 of the 1 crisis on record for India cannot be measured against this price index. It is listed above rather than dropped. Methodology