The IMF has advised Bangladesh Bank (BB) to develop and publish a Residential Property Price Index (RPPI) to monitor property market risks and trends. An experimental RPPI for Dhaka, including regional sub-indices, should be updated quarterly and made publicly available on BB’s website. While BB introduced a data collection template for financial institutions in 2022, its expansion has been slow due to staff shortages. The RPPI currently relies on mortgage data, but the IMF recommends covering all transactions, including cash purchases, to improve accuracy and financial market oversight.
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