2022-02-08 | 29717

Development of a Residential Property Price Index

The banking and insurance regulatory authorities have developed a Residential Property Price Index to standardize housing market valuation data. This framework requires regulated entities to incorporate consistent property price metrics into their collateral assessments and periodic risk reporting. By establishing a unified measurement methodology, the index enhances market transparency and supports more accurate pricing of residential mortgages and insurance liabilities.

Trinidad and Tobago

Central Bank of Trinidad and Tobago

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Banking Sector , Insurance Sector Development of a Residential Property Price Index Share