Georgia: Technical Assistance Report-Data for Decisions (D4D) Residential Property Price Index (December 2

Georgia: Technical Assistance Report-Data for Decisions (D4D) Residential Property Price Index (December 2–6, 2024)

May 7, 2025

Summary

Technical assistance (TA) was provided to the National Statistics Office of Georgia (Geostat) during December 2–6, 2024 to extend the scope and coverage of the residential property price index (RPPI) using web-scraped data. This was the latest mission to Georgia in a series since 2018 to specifically focus on the RPPI but the third one to be conducted under the Data for Decisions (D4D) Fund. Earlier missions have allowed Geostat to produce and disseminate an RPPI for new buildings using the information from one website. Reliable property price indexes and other indicators of real estate markets are critical ingredients for policymakers to assess the state of the real estate market and its potential impact on macroeconomic and financial stability.

Subject: Export fluctuations, Housing, International trade, Land prices, National accounts, Prices

Keywords: Export fluctuations, Financial Stability, Georgia., House Price Index, Housing, IMF executive directors, Land prices, Macro-prudential policy, Macroeconomics, Monetary Policy, Price Stability, production system, property price indexes, rental price index, Residential Property, Residential Property Price Index, Residential Real Estate, World Bank staff

Pages:
16
Volume:
2025
DOI:
https://doi.org/10.5089/9798229009270.019
Issue:
049
Series:
Technical Assistance Report No. 2025/049
Stock No:
TAREA2025049
ISBN:
9798229009270
ISSN:
3005-4575

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