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Wednesday, 20 February
Time Event
8:30 – 9:30 Registration
9:30 – 9:45 Opening speech: Mariana Kotzeva
Director-General of Eurostat
9:45 – 10:15 Photo session (with coffee)
10:15 – 12:15 Session 1:
Commercial real estate (CRE) indicators Chairperson: Barra Casey


Marc Francke:
The role of holding periods in repeat sales models

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Farley Ishaak, Ron van Schie and Jan de Haan:
Why investors utilize single purpose entities in real estate transactions

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Mick Silver:
Data sources for CPPIs: an overview and strategy

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Jens Mehrhoff and Sabine Georgi:
CPPI Statistical Report “Commercial property price indicators: sources, methods and issues”

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12:15 – 13:30 Lunch break
13:30 – 15:30 Session 2:

CRE statistics: prices and beyond Chairperson: Rhys Lewis


Jean-Marc Israël, Catherine Ahsbahs and Arek Wyka:
Granular data and the availability and comparability of indicators on the funding of commercial real estate

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Krzysztof Olszewski, Krystyna Gałaszewska, Andrzej Jakubowski, Robert Leszczyński and Hanna Żywiecka:
Hedonic analysis of office and retail rents in three major cities in Poland – data sources, methodology and some implications for further research

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Rui Evangelista, Hugo Moreira and Ângelo Teixeira:
On the derivation of hedonic rental price indexes for commercial properties: rent price determinants, data quality problems and evidence from the use of administrative data for the Portuguese market

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Erin Dwyer-Bond, Barra Casey and Dermot Coates:
Developing data sources for a Commercial Property Statistical System (CPSS) in Ireland

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15:30 – 16:00 Coffee break
16:00 – 18:00 Session 3:
Data sources for CRE statistics Chairperson: Niall O’Hanlon


Simon Rubinsohn and Alex Aronsohn:
The role of sentiment in understanding development in commercial real estate markets

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Robert Szemere:
Mind the data gap: ongoing development of the BIS commercial property price statistics

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Cajsa Mølskov and Sigrid Krogstrup Jensen:
Combining administrative and market data in order to monitor the dynamics of the commercial real estate markets

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August Götzfried and Simo Pasi:
Short term business indicators for commercial real estate

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Thursday, 21 February
Time Event
9:00 – 9:30 Keynote speech: Peter Praet
Member of the Executive Board of the ECB
9:30 – 11:00 Session 4:
Putting policy into practice Chairperson: Andrew Kanutin


Gunnar Herm:
Challenges of an asset manager to base investment decisions on today’s available data in commercial real estate Downloads: Presentation


Thomas A. Knetsch, Christine Schlitzer and Elena Triebskorn:
The rationale behind a multi-indicator approach to real estate price analysis

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Dimitris Mokas and Rob Nijskens:
Monitoring credit risk in commercial real estate: the role of idiosyncratic versus macro-economic factors

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11:00 – 12:00 Poster session 1 (with coffee)
See separate programme
12:00 – 13:30 Lunch break
13:00 – 15:30 Session 5:
Residential real estate measurement Chairperson: Marc Francke


Walter E. Diewert, Ning Huang and Kate Burnett-Isaacs:
Alternative approaches for resale housing price indexes

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Chihiro Shimizu and Walter E. Diewert:
Residential property price index in Japan: discussion in methodology and data sources Downloads: Paper | Presentation


Alicia N. Rambaldi and Madeleine S. Tan:
Land value indices and the land leverage hypothesis in residential housing

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Robert Hill, Miriam Steurer and Sofie Waltl:
Owner occupied housing in the CPI and its impact on monetary policy during housing booms and busts

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15:30 – 16:00 Coffee break
16:00 – 18:00 Session 6:
House prices and big data Chairperson: Bruno Tissot


Arief Noor Rachman:
An alternative hedonic residential property price index for Indonesia using big data: the case of Jakarta

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Chamili Gunawardhana:
Construction of residential property price indices using hedonic approach: an application to the condominium market in Sri Lanka

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Michele Loberto, Andrea Luciani and Marco Pangallo:
The potential of big housing data: an application to the Italian real-estate market

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Scott Wentland, Marina Gindelsky and Jeremy Moulton:
Valuing housing services in the era of big data: a user cost approach leveraging Zillow microdata

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Friday, 22 February
Time Event
9:00 – 11:00 Session 7:
Private data providers Chairperson: Jens Mehrhoff


Hela Hinrichs (Jones Lang LaSalle):
Mind the gap: pitfalls with current data availability

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Ken O’Brien (MSCI):

Accounting for asset idiosyncrasy and a more comprehensive set of performance measures when addressing commercial property risk

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Robert White and Tom Leahy (Real Capital Analytics):
Commercial property price indices and market liquidity scores

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Andrew Kanutin:
An examination of commercial microdata – making the imperfect useable

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11:00 – 12:00 Poster session 2 (with coffee)
See separate programme
12:00 – 13:30 Lunch break
13:30 – 15:00 Panel discussion:Way Forward Moderator: Paul Konijn (Eurostat)


Bruno Tissot, Bank for International Settlements


Paul Schreyer, Organisation for Economic Co-operation and Development


Niall O’Hanlon, International Monetary Fund


Caroline Willeke, European Central Bank


Followed by a general discussion with questions from the audience

15:00 – 15:15 Closing remarks
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