IDEAS home Printed from https://ideas.repec.org/a/bla/revinw/v72y2026i1ne70055.html

Real Estate Price Measurement Since the Global Financial Crisis: Methods, Data and Policy Developments

Author

Listed:
  • Robert J. Hill
  • Miriam Steurer

Abstract

The global financial crisis (GFC) highlighted the crucial role of real estate markets for financial stability and revealed significant weaknesses in the quality, timeliness, and coverage of real estate price indices. Since then, policymakers and statistical institutes have expanded the scope of residential and commercial real estate statistics and strengthened methodological guidance. This paper reviews key developments in real estate price measurement since the GFC, covering data availability, index methodology, and institutional infrastructure. We compare the strengths and weaknesses of the main index construction methods, including hedonic, repeat sales, hybrid and state‐space approaches, and discuss their relevance for both financial stability monitoring and cost‐of‐living measurement. Special attention is given to the challenges involved in compiling commercial real estate (CRE) price indices. We also examine new data sources—such as list prices, energy performance certificates and geospatial information—and recent work integrating machine learning tools into index compilation.

Suggested Citation

  • Robert J. Hill & Miriam Steurer, 2026. "Real Estate Price Measurement Since the Global Financial Crisis: Methods, Data and Policy Developments," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 72(1), February.
    • Handle: RePEc:bla:revinw:v:72:y:2026:i:1:n:e70055
    DOI: 10.1111/roiw.70055
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/roiw.70055
    Download Restriction: no
    File URL: https://libkey.io/10.1111/roiw.70055?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:revinw:v:72:y:2026:i:1:n:e70055. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/iariwea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.