Course on Residential Property Price Indices (RPPIs) Curso

The methodological component of the course emphasizes the quality-mix problem: a change in the mix of properties transacted each period can bias measures of change in average prices. Mix-adjustment by stratification and hedonic regression are the main methods used to deal with this issue. The course follows the principles of the 2013 Handbook on RPPIs published by Eurostat, International Labor Organization (ILO), IMF, Organization for Economic Co-operation and Development (OECD), United Nations Economic Commission for Europe (UNECE), and the World Bank. Practical advice on RPPIs compilation will draw on the 2020 RPPI Practical Compilation Guide published by the IMF. 

Identify the main uses of RPPIs; reviews data sources and methods for compiling RPPIs; and outlines strategic issues for country-specific application. Upon completion of this course, participants should be able to: Explain the nature and uses of RPPIs; Identify the strengths and weaknesses of possible data sources; Select the most appropriate method for RPPIs compilation based on the availability of data; Apply different methods for compiling RPPIs; and Make recommendations, where necessary, for the further development of data sources.

Mid-level to senior officials and compilers responsible for, or planning to introduce or develop, residential property price indices (RPPIs).