Determination of House Price Index for Escalation of Construction Costs in “Middle East Countries”

In this research, it is shown the surveyed articles that gathers and builds up a Cost Price Indices for new housing, which is by using a strategy for "Stratification Price Median", stratification describes areas, locations and geographical regions into different groups that covers the range of all houses and credit which approves everywhere throughout the Middle Eastern nations. This research concentrate on why building up a house cost price index for Middle Eastern nations was required, sources and scope of the indices, purposes for changing the stratified median cost approach, using of stratification and weighting methods in building the index. Also, technique for building up another lodging price index explained and index consists on the supporting of 20 NUTS 2 locales areas are checked, which means the reference point for such a grouping is known as Nuts. At last, observational relations between financing costs, lodging credits and House Price Index (HPI) are inspected. Keywords: House Price Index, Stratified Median Method, Inflation Rate, Escalation in cost, Middle East Countries