Cover Handbook on Residential Property Prices (RPPIs)
Handbook on Residential Property Prices (RPPIs)
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Abstract

For most citizens, buying a residential property (dwelling) is the most important transaction during their lifetime. Residential properties represent the most significant component of households’ expenses and, at the same time, their most valuable assets. The Residential Property Prices Indices (RPPIs) are index numbers measuring the rate at which the prices of residential properties are changing over time. RPPIs are key statistics not only for citizens and households across the world, but also for economic and monetary policy makers. Among their professional uses, they serve, for example, to monitor macroeconomic imbalances and risk exposure of the financial sector. This Handbook provides, for the first time, comprehensive guidelines for the compilation of RPPIs and explains in depth the methods and best practices used to calculate an RPPI. It also examines the underlying economic and statistical concepts and defines the principles guiding the methodological and practical choices for the compilation of the indices. The Handbook primarily addresses official statisticians in charge of producing residential property price indices; at the same time, it addresses the overall requirement on RPPIs by providing a harmonised methodological and practical framework to all parties interested in the compilation of such indices. The RPPIs Handbook has been written by leading academics in index number theory and by recognised experts in RPPIs compilation. Its development has been coordinated by Eurostat, the statistical office of the European Union, with the collaboration of the International Labour Organization (ILO), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations Economic Commission for Europe (UNECE) and the World Bank.

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Author:
Statistical Office of the European Communities
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International Labour Office
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International Monetary Fund
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Organization for Economic Co-operation and Development
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United Nations
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World Bank
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Series:
Manuals & Guides
Publisher:
International Monetary Fund
Language:
English
Publication Date:
21 May 2013
DOI:
https://doi.org/10.5089/9789279259845.069
ISBN:
9789279259845
ISSN:
2663-3744
Pages:
186
Keywords:
M&G; property price indices; repeat sales method; property price index; transaction price; quality price index; Price indexes; Housing; Housing prices; Land prices; House price indexes; Africa; Europe; Global; Export fluctuations
Legal-disclaimer:
The views expressed in this book belong solely to the authors. Nothing contained in this book should be reported as representing the views of the organizations, member governments, or any other entity mentioned herein.
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