Land prices and rents (apri_lpr)

National Reference Metadata in Euro SDMX Metadata Structure (ESMSAL)

Compiling agency: Natural Resources Institute Finland (Luke)


Eurostat metadata
Reference metadata
1. Contact
2. Metadata update
3. Statistical presentation
4. Unit of measure
5. Reference Period
6. Institutional Mandate
7. Confidentiality
8. Release policy
9. Frequency of dissemination
10. Accessibility and clarity
11. Quality management
12. Relevance
13. Accuracy
14. Timeliness and punctuality
15. Coherence and comparability
16. Cost and Burden
17. Data revision
18. Statistical processing
19. Comment
Related Metadata
Annexes (including footnotes)
 



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1. Contact Top
1.1. Contact organisation

Natural Resources Institute Finland (Luke)
1.2. Contact organisation unit

Statistical Services
1.5. Contact mail address

P.O.Box 2 (Latokartanonkaari 9), FI-00791 HELSINKI


2. Metadata update Top
2.1. Metadata last certified 04/01/2020
2.2. Metadata last posted 04/01/2020
2.3. Metadata last update 04/01/2020


3. Statistical presentation Top
3.1. Data description
  Land prices  Land rents 
Data description

Data was obtained from the register of real estate transactions from the National Land Survey of Finland. This register contains prices per hectare (EUR/ha) of property sales in sparsely populated areas. At least 95% of the total area must be arable land. Purchase area is at least 2 hectares and purchase price is between EUR 1,000 and EUR 26,000.No transactions between relatives is included.

Data was aggregated by calculating a weighted average using the regional (NUTS II) average rent and the information on area (NUTS II) provided by the latest data from the Farm Structure Survey (FSS).

Data was obtained from FADN data. Data was aggregated by calculating a weighted average using the regional (NUTS II) average rent and the information on area (NUTS II) provided by the latest data from the Farm Structure Survey (FSS).
3.2. Classification system
  Land prices  Land rents 
Classification system

NUTS II

NUTS II
3.3. Coverage - sector
  Land prices  Land rents 
Coverage - sector

At least 95% of the total area must be arable land. Purchase area is at least 2 hectares and purchase price is between EUR 1,000 and EUR 26,000.

Data has been collected as sample survey and estimated from this at the level of whole country.
3.4. Statistical concepts and definitions

Definition of the land price values

  Land prices  Land rents 
Definition of the land price values

The price of agricultural land (arable land, permanent grassland) is the price received/paid by the holder in free trade without deduction of taxes or levies and without the inclusion of subsidies.

The price of rented agricultural land (arable land, permanent grassland) is the price paid by the farmer without value added tax. If the renting price was paid by means other than cash the price was estimated.
The costs of transferring ownership (therefore lawyer's fees, registration taxes and real estate) are excluded from collected selling/purchase price of agricultural land? Yes Not applicable. 
The value of deductible VAT is excluded from the price of agricultural land? Yes Yes
The entitlements related to the land are excluded from the collected selling/purchase/renting price of agricultural land? Yes Yes
The value of any buildings or dwellings situated on it and any other expenses related to other assets except the agricultural land (current maintenance expenditure on buildings, buildings insurance, depreciation of buildings, rents paid for the professional use of non-residential buildings etc.) are excluded from the price of agricultural land? Yes Yes
The value of any monetary compensation received by farmers for the sales/acquisition of the Utilized Agricultural Area is excluded from the collected selling/purchase price of agricultural land? Yes Not applicable. 
The value of any inheritances transfers related to the sold/purchased land is excluded from the collected selling/purchase price of agricultural land? Yes Not applicable. 
If you have replied NO to any of the above questions explain the reason why. 


EU Target Methodology

  Land prices  Land rents 
Does the data collection observe the land categories as specified in the EU Target Methodology?  Yes Yes
If not, please describe the differences. 


Other UAA categories

  Land prices  Land rents 
Does the price information provided to Eurostat include information on other UAA categories?  No No
If yes, specify which categories. 
3.5. Statistical unit
  Land prices  Land rents 
Reporting unit 

Transaction-specific data from the purchase price statistics of the National Land Survey of Finland.

Data is collected from agricultural holdings.
Observation unit 

The observation unit is the price of one hectare of agricultural land sold/purchased for agricultural use.

In Finland, we have only one category of land for which prices are observed, because the area of permanent grassland is below 5 per cent of utilized agricultural land.

The observation unit is the price of one hectare of agricultural land rented for agricultural use.

In Finland, we have only one category of land for which renting prices are observed, because the area of permanent grassland is below 5 per cent of utilized agricultural land.
3.6. Statistical population
  Land prices  Land rents 
Does any kind of physical, economical or other threshold apply for data collection on land prices and rents? 

Purchase area is at least 2 hectares and purchase price is between EUR 1,000 and EUR 26,000.

The economic size of agricultural holding is more than EUR 2,000. The economic size is calculated using the standard output (SO) method.
3.7. Reference area
  Land prices  Land rents 
Reference area

Whole country

Whole country
3.8. Coverage - Time
  Land prices Land rents
Time coverage 

2014 - 2019

2014 - 2019
When was the first survey/data collection on land prices and rents in line with common Target Methodology organised? 

Data of year 2014

Data of year 2014
3.9. Base period

Not available.


4. Unit of measure Top
  Land prices  Land rents 
Is the price provided in national currency?  Yes Yes
Is the data on area provided in hectares?  Yes Yes


5. Reference Period Top
  Land prices Land rents
Is the reference period used for rental price the calendar year?  Not applicable.  Yes
If not, specify the reference period used Not applicable. 


6. Institutional Mandate Top
6.1. Institutional Mandate - legal acts and other agreements
  Land prices Land rents
Legal acts and other agreements 

The register of real estate transactions has been held since the early 1980s and is based on the law. The National Land Survey of Finland keeps this register.

Agreements of FADN
6.2. Institutional Mandate - data sharing

Not available.


7. Confidentiality Top
7.1. Confidentiality - policy

Not available.
7.2. Confidentiality - data treatment
  Land prices Land rents
Confidentiality - data treatment 

The data is processed so that normal individual confidentiality remains.

The data is processed so that normal individual confidentiality remains.


8. Release policy Top
8.1. Release calendar

Not available.
8.2. Release calendar access

Not available.
8.3. Release policy - user access

Not available.


9. Frequency of dissemination Top

Not available.


10. Accessibility and clarity Top
10.1. Dissemination format - News release

Not available.
10.2. Dissemination format - Publications

Not available.
10.3. Dissemination format - online database

Not available.
10.4. Dissemination format - microdata access

Not available.
10.5. Dissemination format - other

Not available.
10.6. Documentation on methodology

Not available.
10.7. Quality management - documentation

Not available.


11. Quality management Top
11.1. Quality assurance

Not available.
11.2. Quality management - assessment

Not available.


12. Relevance Top
12.1. Relevance - User Needs
  Land prices Land rents
Are the data on land prices and rents collected for national purposes (by NSI or any other national administration) in your country? 

Data on land prices is collected for national purposes. Price statistics is published yearly by the National Land Survey of Finland.

Data on land rent is collected for national purposes (+FADN) but it is not published as official statistics.
Are there any differences between the current EU Target Methodology and the national methodology?  No No
If yes, please describe the differences. 
12.2. Relevance - User Satisfaction

Not available.
12.3. Completeness

Not available.


13. Accuracy Top
13.1. Accuracy - overall

Not available.
13.2. Sampling error

Not available.
13.3. Non-sampling error

Not available.


14. Timeliness and punctuality Top
14.1. Timeliness
  Land prices Land rents
Timeliness 

9 months

12 months
When were data first released to the public? 

At the end of September 2017.

Final figures at the end of December 2017, preliminary figures obtained from the grant at the end of September 2017.
14.2. Punctuality

Not available.


15. Coherence and comparability Top
15.1. Comparability - geographical
  Land prices Land rents
Comparability - geographical (regional) 

There are regional differences between southern and northern parts of country.

There are regional differences between southern and northern parts of country according to growth conditions.
15.2. Comparability - over time
  Land prices Land rents
Comparability - over time 

Data from years 2014 - 2019 is made according to Eurostat methodology. Data from years 2011-2013 is under processing.

Data from years 2014 - 2019 is made according to Eurostat methodology. Data from years 2011-2013 is under processing.
15.3. Coherence - cross domain

Not available.
15.4. Coherence - internal

Not available.


16. Cost and Burden Top

Not available.


17. Data revision Top
17.1. Data revision - policy

Not available.
17.2. Data revision - practice

Not available.


18. Statistical processing Top
18.1. Source data
  Land prices Land rents
Source data 

Transaction-specific data is obtained from the register maintained by the National Land Survey of Finland.

So far data is obtained from FADN (in Finland from Taloustohtori). Data for year 2016 was collected by a sample survey in the context of the annual yield survey in autumn 2016.
18.2. Frequency of data collection
  Land prices Land rents
Are the data collected on the regular, annual, basis?  Yes Yes
If yes, since when? If not, what is the frequency of data collection? 

At least from year 2011

At least from year 2014
18.3. Data collection
  Land prices Land rents
Primary data collection method 

Use of administrative data

Use of FDNA data
18.4. Data validation
  Land prices Land rents
Data validation 

The data source has been validated and it fulfils requirements of Eurostat.

The data source FADN has been validated by comparing it to results of survey on farms. At the level of the whole country, the rental price was quite the same.
18.5. Data compilation
  Land prices Land rents
Data compilation process 

Transaction-specific data is aggregated by calculating a weighted average at NUTS II level. After that regional prices are aggregated by calculating a weighted average using area (NUTS II) provided by the latest data from the Farm Structure Survey (FSS).

Regional (NUTS II) prices are aggregated by calculating a weighted average using area (NUTS II) provided by the latest data from the Farm Structure Survey (FSS).
Is the aggregation at country level carried out in accordance with the EU Target Methodology?  Yes Yes
How the aggregation at country level is carried out? 

Regional (NUTS II) prices are aggregated by calculating a weighted average using area (NUTS II) provided by the latest data from the Farm Structure Survey (FSS).

Regional (NUTS II) prices are aggregated by calculating a weighted average using area (NUTS II) provided by the latest data from the Farm Structure Survey (FSS).
18.6. Adjustment
  Land prices Land rents
Adjustment

Not available.

Not available.


19. Comment Top

No comments


Related metadata Top


Annexes Top