Residential Property Price Index
Source details
- Canonical URL
- Residential Property Price Index
Other formats
Bibliographic details
- Session: OL 25.01
- Location: Course conducted online
- Dates: April 22, 2025 - July 31, 2025 (15 weeks)
- Delivery method: Online Training
- Primary language: English
- Status: Deadline passed
Target audience and qualifications
- The course is primarily aimed at mid-level to senior officials who are responsible for compiling, or planning to develop, the RPPI.
- Users of the RPPI will also find the course beneficial.
- Participants are expected to have a degree in economics or statistics; or equivalent experience.
Course description — scope, content, and methodology
- Presents the concepts, data sources and compilation methods used for the production of the Residential Property Price Index (RPPIs).
- Emphasis on evaluating data sources for compiling RPPIs in terms of:
- coverage
- timeliness
- richness in terms of supporting an appropriate compilation method
- suitability of the price measure
- weighting
- Considers trade-offs involved in selecting data sources and strategies for longer-run development of data sources.
- Emphasizes the property-mix problem: a change in the mix of properties transacted each period can bias measures of change in average prices.
- Main mix-adjustment methods covered:
- stratification
- hedonic regression
- Interactive workshops address mix-adjustment topics.
- 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.
Course objectives
- Better understand the aim, scope and role of the RPPIs in analyzing developments in the property market.
- Learn to identify and assess relevant data sources for the RPPI.
- Explore best practice for the compilation of a price index for the residential property.
References