The PDK Residential Index is a statistical measure that tracks the changes in residential property prices over time. It provides an indicator of the overall movement and trends in real estate values within the country by aggregating data from various sources, such as property sales transactions or valuations, and calculates a composite index value to reflect the average or median price changes for properties within the defined scope. This index serves as a valuable tool for market analysis, and is used by stakeholders such as investors, lenders, and policymakers to monitor the performance and fluctuations of property values, identify market trends, and make informed decisions based on the observed changes in real estate prices.
Disclaimer: Please note that the property price index may not reflect the specific characteristics or conditions of individual properties, and localized factors such as neighborhood amenities, property condition, and recent sales may significantly impact actual property values.