Philippines: Technical Assistance Report - Report on the Residential Property Price Index Mission (January 22-26, 2024)
A technical assistance (TA) mission was conducted from January 22–26, 2024, to assist the Bangko Sentral ng Pilipinas (BSP) with the development of hedonic methods for their property price statistics. The mission’s primary focus was the Residential Property Price Index (RPPI).
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Volume 2024
Issue 060
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Exports and Imports , Residential property price index , RPPI , residential real estate , commercial real estate , price statistics , macroeconomic statistics , inflation , monetary policy , financial stability , macro-prudential policy , Property price index , IMF executive directors , loan data , World Bank staff , property price indices , data requirement , Export fluctuations , Loans , Land prices , Real estate prices , Data collection
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Summary
A technical assistance (TA) mission was conducted from January 22–26, 2024, to assist the Bangko Sentral ng Pilipinas (BSP) with the development of hedonic methods for their property price statistics. The mission’s primary focus was the Residential Property Price Index (RPPI). The mission completed the following tasks: (i) assisted the BSP to apply hedonic methods for the compilation of the RPPI using the existing loan information, (ii) provided practical training to staff, (iii) helped devise a strategy for dissemination of the revised results, and (iv) made recommendations on accessing and using more comprehensive administrative data sources for the compilation of property price statistics.
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