Residential Property Price Indices

Source details

Session No.: OL 26.196
Location: Course conducted online
Date: May 1, 2026 - April 15, 2027 (50 weeks)
Delivery Method: Online Training
Primary Language: Spanish
Target Audience:
- Mid-level to senior officials who are responsible for compiling, or planning to develop, the residential property price index (RPPI).
- Users of the RPPI will also find the course beneficial.
Qualifications:
- Participants are expected to have a degree in economics or statistics; or equivalent experience.

Presents the concepts, data sources and compilation methods used for the production of the 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.
Methodological emphasis on 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 stratification and hedonic regression techniques.
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.

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.