Philippines: Technical Assistance Report-Report on the Residential Property Price Index Mission (January 20–24, 2025)
Philippines: Technical Assistance Report-Report on the Residential Property Price
Index Mission (January 20–24, 2025)
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Volume/Issue:
Volume 2025
Issue 090
Publication date:
ISBN:
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Exports and Imports , Economics- Macroeconomics , real estate statistics , residential property , commercial property , price index , financial stability , macroprudential tools , macroeconomic indicator , , Special purpose vehicle , Commercial banks , Real estate prices , Export fluctuations , Land prices , Housing , Cyclical indicators
Summary
A technical assistance (TA) mission was conducted from January 20–24, 2025, 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) checked that the authorities implemented the recommendations from previous mission, (ii) updated the methods as appropriate, (iii) finalized the updated RPPI and compared to the published index, (iv) devised a strategy for dissemination of the revised results, (v) agreed on a timeline for the release of the updated RPPI and (vi) made recommendations on a way forward to develop statistics on commercial property prices.
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