Bangladesh: Technical Assistance Report-Residential Property Price Indices Mission
IMF Staff Country Reports, June 10, 2020
Source details
- Canonical URL
- Bangladesh: Technical Assistance Report-Residential Property Price Indices Mission
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Bibliographic details
- Published: June 10, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513546902.002
Mission purpose and scope
- Purpose: assist the Bangladesh Bank (BB) in progressing on the compilation of a residential property price index.
- Timeframe noted: new data collection system planned to improve current existing data starting from July 2020.
- Mission provided technical advice in response to a request from the authorities of Bangladesh.
Key findings and expected data improvements
- The new data collection will:
- expand the geographic coverage,
- expand the type of dwellings covered,
- mostly increase the current sample resulting in more accurate results.
- Hedonic methods are recommended as the most appropriate approach to address quality changes in the mix of dwellings transacted when following the price of real estate.
Technical recommendations and capacity building
- Software recommendation:
- Use of R instead of other software since it allows performing all the necessary calculations in one script and single software.
- Methods and training provided:
- Training particularly on the hedonic methods,
- chain linking,
- rebasing.
Publication specifics referenced in the content
- Date of publication: June 10, 2020.
- Series: Country Report No. 2020/195.
- Pages: 17.
- DOI: https://doi.org/10.5089/9781513546902.002
- ISBN: 9781513546902
- ISSN: 1934-7685
International Monetary Fund. "Bangladesh: Technical Assistance Report-Residential Property Price Indices Mission", IMF Staff Country Reports 2020, 195 (2020).
Content in this bundle
- 1bgdea2020002