Technical Assistance Reports

Georgia: Technical Assistance Report-Data for Decisions (D4D) Residential Property Price Index (December 2–6, 2024)

May 7, 2025

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Format: Chicago

International Monetary Fund. Statistics Dept. "Georgia: Technical Assistance Report-Data for Decisions (D4D) Residential Property Price Index (December 2–6, 2024)", Technical Assistance Reports 2025, 049 (2025), accessed May 9, 2025, https://doi.org/10.5089/9798229009270.019

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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.

Subject: Export fluctuations, Housing, International trade, Land prices, National accounts, Prices, Real estate prices

Keywords: Consumer prices, Export fluctuations, Financial Stability, Georgia., House Price Index, Housing, Land prices, Macroeconomics, Macro-prudential policy, Monetary Policy, Price Stability, Production index, Real estate prices, Residential Property, Residential Property Price Index, Residential Real Estate

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