Georgia: Technical Assistance Report-Data for Decisions (D4D) Residential Property Price Index (December 2–6, 2024)
Georgia: Technical Assistance Report-Data for Decisions (D4D) Residential Property Price Index (December 2–6, 2024)
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Volume/Issue:
Volume 2025
Issue 049
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Exports and Imports , House Price Index , Residential Property Price Index , Residential Real Estate , Residential Property , Financial Stability , Macro-prudential policy , Monetary Policy , Price Stability , Macroeconomics , Georgia , , World Bank staff , IMF executive directors , rental price index , property price indexes , production system , Housing , Export fluctuations , Land prices
Summary
Technical assistance (TA) was provided to the National Statistics Office of Georgia (Geostat) during December 2–6, 2024 to extend the scope and coverage of the residential property price index (RPPI) using web-scraped data. This was the latest mission to Georgia in a series since 2018 to specifically focus on the RPPI but the third one to be conducted under the Data for Decisions (D4D) Fund. Earlier missions have allowed Geostat to produce and disseminate an RPPI for new buildings using the information from one website. Reliable property price indexes and other indicators of real estate markets are critical ingredients for policymakers to assess the state of the real estate market and its potential impact on macroeconomic and financial stability.
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