Eurostat2014-03-142014-03-142013978-92-79-25984-5https://hdl.handle.net/10986/17280Residential property is both a source of wealth and, insofar as property owners live in or on their property, an important determining factor in their cost of living. The price of a house is something different from the cost of dwelling services it provides, though the two concepts are obviously interlinked. The need for property price indices that are fit-for-purpose was recognized at a conference organized jointly by the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) in Washington DC, October 2003. As a result, a chapter on residential property price indices was added to the IMF's "compilation guide of financial soundness indicators". The idea of a more detailed handbook dates back to a workshop organized by the Organization for Economic Co-operation and Development (OECD) and the IMF on real estate price indices in Paris, November 2006. The aim of this handbook is to facilitate the setting-up of residential property price indices in countries where these are still missing and the improvement of existing price indices where this is deemed necessary. It is designed to give practical guidance on the compilation of house price indices, both in developed and less developed countries, and to increase international comparability of residential property price indices. It explains the different user needs, gives details on data and methods that can be used to compile residential property price indices, and provides recommendations. The production of the handbook was funded and supported by Eurostat.en-USCC BY-NC-ND 3.0 IGOACCOUNTINGACCOUNTING FRAMEWORKADVANCED COUNTRIESAMORTIZATIONASSET CLASSASSET PRICESAVERAGE PRICEAVERAGE PRICESBALANCE SHEETBALANCE SHEETSBANK GOVERNORSBANKING CRISESBORROWERBORROWING CAPACITYBUSINESSESBUYERSCAPITAL FORMATIONCAPITAL GAINCAPITAL GAINSCAPITAL INVESTMENTCAPITALIZATIONCENTRAL BANKCENTRAL BANKSCOLLATERALCONSUMER CONFIDENCECONSUMER PRICECONSUMER PRICE INDEXCONSUMER PRICE INDICESCONSUMER PRICESCONSUMER SPENDINGCONSUMPTION EXPENDITURECOST OF LIVINGCREDIBILITYCREDIT MARKETCREDIT RATINGSDATA AVAILABILITYDEBTDEBT BURDENDEBT LEVELSDEFAULT RISKDEFLATIONDEVELOPING COUNTRIESDIRECT INVESTMENTSDISPOSABLE INCOMEDUMMY VARIABLEDUMMY VARIABLESDURABLEDURABLE GOODSDURABLESE-MAILECONOMIC ACTIVITYECONOMIC PERFORMANCEEMERGING MARKETSEXCHANGE RATEEXPENDITUREEXPENDITURESFINANCIAL CRISESFINANCIAL CRISISFINANCIAL INSTITUTIONSFINANCIAL MARKETFINANCIAL SECTORFINANCIAL STABILITYFINANCIAL SYSTEMFINANCIAL SYSTEMSFINANCIAL TRANSACTIONFIXED ASSETFIXED CAPITALFIXED EXCHANGE RATEFLOATING EXCHANGE RATEGLOBAL FINANCIAL SYSTEMGOVERNMENT DEBTGOVERNMENT SPENDINGGROWTH RATESHOLDINGSHOME OWNERSHIPHOUSEHOLD WEALTHHOUSING MARKETIMPUTATIONIMPUTATION METHODINCOMEINCOMESINDEXATIONINFLATIONINFLATION TARGETINFLATION TARGETINGINFLATION TARGETSINFORMATION FLOWINFORMATION GAPSINSTALLATIONINSTITUTIONINSURANCEINSURANCE PREMIUMSINTEREST COSTSINTEREST RATEINTEREST RATE POLICYINTEREST RATESINTERNATIONAL COMPARISONSINTERNATIONAL LABOUR ORGANIZATIONINTERNATIONAL SETTLEMENTSINVENTORYLENDERLENDERSLENDING CYCLESLOANLOCAL CURRENCYMACROECONOMIC VARIABLESMARKET CONDITIONSMARKET DEMANDMARKET PLACEMATERIALMOBILE TELEPHONEMONETARY FUNDMONETARY POLICYMORTGAGEMORTGAGE COMPANIESMORTGAGE INTERESTMORTGAGE INTEREST RATESOPPORTUNITY COSTOUTPUTPAYMENT OF INTERESTPDFPENSIONPENSION FUNDSPHOTOPHOTOSPOLICY FRAMEWORKSPORTFOLIOPORTFOLIOSPRICE CHANGEPRICE CHANGESPRICE DYNAMICSPRICE INDEXPRICE INDEXESPRICE INDICESPRICE INFLATIONPRICE LEVELSPRICE STABILITYPRICE TRENDPRICE TRENDSPRICE VALUESPRICES INDICESPRODUCER PRICEPRODUCER PRICE INDICESPROPERTY INVESTMENTPURCHASINGRATE OF RETURNRATES OF RETURNRAW DATAREAL ESTATERESIDENTIAL REAL ESTATERESULTRESULTSRETAILINGRETURNSRISK EXPOSURESALESALESSAVINGSSELLING PRICESELLING PRICESSTAMP DUTIESSTOCK PRICESUBSTITUTESTAXTIME PERIODTIME PERIODSTRAINING COURSESTRANSACTION PRICETRANSACTION PRICESTRANSACTIONS COSTSTURNOVERUNEMPLOYMENT RATEUSERUSERSUSESVALUATIONVALUE OF COLLATERALVOLATILITYWEALTH EFFECTWEALTH EFFECTSWHOLESALINGEuropean Union, International Labour Organization, International Monetary Fund, Organisation for Economic Co-operation and Development, United Nations Economic Commission for Europe, The World Bank10.1596/978-92-79-25984-5