Real Estate Price Index: A Model for the Philippines

Topics:
Regulations
Tags:
Business Operations,
Real Estate,
Real Estate Price Index
Source:
Bank for International Settlements

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Overview: Real estate price index (REPI) is a valuable tool for countries in assessing and valuing real properties. Valuations of real properties are used for different purposes - acquisition and disposal, mortgages, taxation, land and property management, among others. Most countries however do not have an established system of real estate prices. In fact, there is no international standard practice for real estate pricing at present. This paper presents the steps taken to determine the methodology for compiling the real estate price index in the Philippines, required data, proposed methodology, and future activities to institutionalize the system.

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Format: PDF | Size: 65KB | Date: Apr 2005 | Pages: 10

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