Bangladesh: Technical Assistance Report-Residential Property Price Indices Mission

June 10, 2020

Preview Citation

Format: Chicago

Bangladesh: Technical Assistance Report-Residential Property Price Indices Mission, (USA: International Monetary Fund, 2020) accessed November 21, 2024

Summary

The contents of this report constitute technical advice provided by the staff of the IMF to the authorities of Bangladesh in response to their request for technical assistance. The purpose of the mission was to assist the Bangladesh Bank (BB) in progressing on the compilation of a residential property price index. BB has plans to set up a new data collection system to improve the current existing data starting from July 2020. The new data collection will expand the geographic coverage and the type of dwellings and mostly will increase the current sample resulting in more accurate results. The mission recommended the use of R instead of other software since it allows to perform all the necessary calculations in one script and single software. The mission provided training particularly on the hedonic methods, chain linking and rebasing. The hedonic methods are the most recommended to address the quality changes on the mix of dwellings transacted when following the price of real estate.

Subject: Data collection, Economic and financial statistics, Housing, National accounts

Keywords: BB data, BB governor, BB staff, CR, Data collection, Housing, ISCR, Residential property price index, RPPI guide, RPPI Guide, RPPI team member

Publication Details

Pages:

17
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/195
Stock No:

1BGDEA2020002
ISBN:

9781513546902
ISSN:

1934-7685

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