Mexico - House Price Index

Mexico: House Price Index

Mnemonic HPI.IMEX
Unit Index 2012=100, NSA
Adjustments Not Seasonally Adjusted
Quarterly 0.69 %
Data 2018 Q4 146.5
2018 Q3 145.5

Series Information

Source Sociedad Hipotecaria Federal (SHF)
Release House Prices
Frequency Quarterly
Start Date 3/31/1969
End Date 12/31/2018

Mexico: Real Estate

Reference Last Previous Units Frequency
Dwelling Stocks 2020 35,233,462 # Annual
House Price Index 2018 Q4 146.5 145.5 Index 2012=100, NSA Quarterly

Release Information

The objective of Sociedad Hipotecaria Federal, S.N.C. Institución de Banca de Desarrollo is to promote greater efficiency in the housing and mortgage markets.
Other focuses of the group is to:
• Register the expansion or contraction of the housing market and identify "bubbles" in prices.
• Determine the value of the collateral of the mortgage portfolio.
• Establish the quantitative relationship between price changes housing and default rates.
• Regularly update the indicator Loan to Value of Property (LTV).
• Assist in the qualification of the issues backed by mortgages, for rating agencies and in setting the price of mortgage guarantees, among other uses.

 The SHF Housing Price index uses nominal values. The source uses a symmetry test that refers to the product of price and the quanitity of indices that should produce the index. The price index is created using fixed weights and the deflator is built using current prices to ensure that the prices and quantities are consistent. They also ensure that the prices of the goods must have characterisitcs similar to the quantities. 

Data is subjected to revisions.