Republic of Kosovo: Technical Assistance Report-Residential Property Price Index Mission

IMF Staff Country Reports, December 11, 2023

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Republic of Kosovo: Technical Assistance Report-Residential Property Price Index Mission

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Bibliographic details

• Published: December 11, 2023
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798400258909.002

Overview

• Publication date: December 11, 2023
• Purpose: Presents details of a residential property price index (RPPI) mission to the Republic of Kosovo.
• Core conclusion: Authorities are strongly committed to developing a publicly available RPPI for Kosovo.

Key findings

• Transactions data from real-estate companies should be used for the development of the RPPI.
• The mission assessed the advantages and disadvantages of each available data source.
• A large real estate company has agreed to provide a dataset to the Kosovo Agency of Statistics (KAS).
• Pro Real Estate accounts for approximately 60 percent of the residential property market in Kosovo.
• The KAS should assess the quality of the data and its suitability for use in the compilation of the RPPI.
• The KAS should assess whether it needs to supplement the data with information from other real estate companies to increase the geographical coverage.

Data sources and data-quality guidance

• Recommended data source: transactions data from real-estate companies.
• Practical aspects described by the mission:
  • Assessing the suitability and quality of the dataset provided by real-estate companies.
  • Evaluating geographical coverage and need for supplementary data from additional companies.

Capacity building and methodological guidance

• The mission increased capacity and knowledge of KAS staff on RPPI methods.
• Main topics covered in meetings:
  • data visualization
  • assessing data quality
  • stratification
  • weights
  • subindex calculation
  • aggregation to high-level indices

Subjects and keywords

• Subject: Export fluctuations, International organization, International trade, Land prices, Monetary policy, Price indexes, Prices, Property tax, Taxes
• Keywords: data visualization, Export fluctuations, financial stability., housing, IMF executive directors, Land prices, price index, Price indexes, prices, Property tax, residential property, residential property price index, RPPI, section I., staff team of the International Monetary Fund, transactions data

Source: Republic of Kosovo: Technical Assistance Report-Residential Property Price Index Mission (IMF Staff Country Reports), December 11, 2023.

Content in this bundle

• Section I. Detailed Technical Assessment and Recommendations
  • Section I. Detailed Technical Assessment and Recommendations (Markdown version)
  • Section I. Detailed Technical Assessment and Recommendations (PDF)