Philippines Technical Assistance Report-Property Price Index Mission

This technical assistance report on Philippines provides details about the Property Price Index mission. The authorities intend to improve the methods used for the Residential Real Estate Price Index and publish the Commercial Property Price Index (land only) for the first time. Some further improve...

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Bibliographic Details
Corporate Author: International Monetary Fund Statistics Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Philippines  |b Technical Assistance Report-Property Price Index Mission 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2023 
300 |a 14 pages 
651 4 |a Philippines 
653 |a Real Estate 
653 |a Banks 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Research in revenue administration 
653 |a Deflation 
653 |a Nonagricultural and Nonresidential Real Estate Markets 
653 |a Housing 
653 |a Mortgages 
653 |a International organization 
653 |a Property & real estate 
653 |a Data capture & analysis 
653 |a International institutions 
653 |a International Economics 
653 |a Macroeconomics 
653 |a Banking 
653 |a Economic and financial statistics 
653 |a Electronic data processing 
653 |a International Agreements and Observance 
653 |a Data processing 
653 |a Depository Institutions 
653 |a Inflation 
653 |a Price indexes 
653 |a Commercial banks 
653 |a Revenue administration 
653 |a International Organizations 
653 |a Monetary economics 
653 |a Financial institutions 
653 |a International agencies 
653 |a Micro Finance Institutions 
653 |a Data Collection and Data Estimation Methodology 
653 |a Data Processing 
653 |a Price Level 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Banks and Banking 
653 |a Prices 
653 |a Computer Programs: General 
653 |a Monetary policy 
653 |a Monetary Policy 
653 |a Public Finance 
653 |a Money and Monetary Policy 
653 |a Revenue 
653 |a Land prices 
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520 |a This technical assistance report on Philippines provides details about the Property Price Index mission. The authorities intend to improve the methods used for the Residential Real Estate Price Index and publish the Commercial Property Price Index (land only) for the first time. Some further improvements to the methods should be implemented, including amending the level at which the weights are applied in the aggregation process. The new methodology was evaluated to ensure that it adheres to international compilation standards and best practices. The authorities are committed to increasing the coverage of the statistics to include both cash purchases and other forms of non-bank lending. The existing data source used for the property price statistics are quarterly reports from the commercial banks. The report recommends to increase the capacity of the team with hedonic regression methods through attendance at a training course and/or planning further technical assistance