A measure of the average changes over time in prices of residential dwellings (including both new and second-hand houses and flats). There is no harmonised methodology, and euro area aggregates are currently based on heterogeneous national indicators.
RESIDENTIAL PROPERTY PRICE INDICATOR
Meaning of RESIDENTIAL PROPERTY PRICE INDICATOR in English
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012