Philippines: Technical Assistance Report-Property Price Index Mission
IMF Staff Country Reports, January 23, 2023
Source details
- Canonical URL
- Philippines: Technical Assistance Report-Property Price Index Mission
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Bibliographic details
- Published: January 23, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400230936.002
Mission overview
- Technical assistance report providing details about the Property Price Index mission for the Philippines.
- Authorities intend to:
- Improve the methods used for the Residential Real Estate Price Index.
- Publish the Commercial Property Price Index (land only) for the first time.
- The new methodology was evaluated to ensure adherence to international compilation standards and best practices.
Methodological findings and required improvements
- Some further improvements to the methods should be implemented, including:
- Amending the level at which the weights are applied in the aggregation process.
- The report evaluated the new methodology against international compilation standards and best practices.
Data sources and coverage
- Existing data source used for the property price statistics:
- Quarterly reports from the commercial banks.
- Authorities are committed to increasing coverage of the statistics to include:
- Both cash purchases and other forms of non-bank lending.
Capacity building and technical assistance recommendations
- Increase capacity of the team in hedonic regression methods through:
- Attendance at a training course and/or
- Planning further technical assistance.
Subject headings and keywords (as listed)
- Subject: Commercial banks, Data processing, Economic and financial statistics, Financial institutions, International organization, Land prices, Monetary policy, Price indexes, Prices, Research in revenue administration, Revenue administration
- Keywords: Commercial banks, Data processing, instrumentalities of the TA recipient, Land prices, price data distribution, Price indexes, Prices Property, property price index mission, Research in revenue administration, RREPI revision, title information, World Bank staff
Content in this bundle
- 1. Priority Recommendations