Land prices and rents (apri_lpr)

National Reference Metadata in Euro SDMX Metadata Structure (ESMSAL)

Compiling agency: Istat


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

Istat
1.2. Contact organisation unit

DIPS-DCSW-SWA
1.5. Contact mail address

Via Cesare Balbo, 16 - 00184 - Roma


2. Metadata update Top
2.1. Metadata last certified 07/10/2020
2.2. Metadata last posted 07/10/2020
2.3. Metadata last update 07/10/2020


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

In the period 2011-2016 we have tested the methodology for calculating agricultural land prices on the basis of administrative data (real estate transactions from database of notary deeds).

In the period 2016-2019 we have tested the methodology for calculating agricultural rent prices on the basis of administrative data (real estate transactions from database of notary deeds).
3.2. Classification system
  Land prices  Land rents 
Classification system

NUTS classification

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

Not available

Not available
3.4. Statistical concepts and definitions

Definition of the land price values

  Land prices  Land rents 
Definition of the land price values

Not available

Not available
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 Yes
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. 

Not available

  


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. 

Not available

 


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 

The data are compiled based on the database supplied by the Income Agency together with the Territorial Agency 1, including notarial deeds of sale, usufruct, lease, transfer by inheritance and donation of agricultural funds.

The data are compiled based on the database supplied by the Revenue Agency together with the Territorial Agency 1, including notarial deeds of sale, usufruct, lease, transfer by inheritance and donation of agricultural funds.
Observation unit 

Price of one hectare of agricultural land sold for agricultural use

Price of one hectare of agricultural land rented for agricultural use
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? 

In 2012 the FADN target population consisted of the farms with a Standard Output of at least 4,000 euro (the threshold was raised up to 8,000 euro in 2013)

The available data refer to about 11,000 responding units to the survey (a sample of about 18,000 was selected from the 2010 Census sampling frame consisting of out of the 1.6 million of agriculture holdings)

Not applicable.
3.7. Reference area
  Land prices  Land rents 
Reference area

NUTS 2

NUTS 2
3.8. Coverage - Time
  Land prices Land rents
Time coverage 

2011-2019

2016-2019
When was the first survey/data collection on land prices and rents in line with common Target Methodology organised? 

2009

2016
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. 

Not applicable. 


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

Not available

 Not available
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 

No

No


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? 

No

No
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 

Not available

Not available
When were data first released to the public? 

Not available

Not available
14.2. Punctuality

Not available.


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

Not available

Not available
15.2. Comparability - over time
  Land prices Land rents
Comparability - over time 

Until the action carried out under the 2011 grant, the data on land prices and rents were mainly produced by a methodology based on local experts information. 

From 2016 onward we have a break of methodology used to check outliers both for land prices and rents (see the annexes).

From 2016 onward, we have used a new methodology to check outliers.
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 

Administrative sources used as follows: (1) The data used to estimate the agricultural land prices are based on the database supplied by the Revenue Agency together with (2) the “Agenzia del territorio”, it refers to notarial deeds of sale, usufruct, lease, transfer by inheritance and donation of agricultural funds.

Administrative sources used as follows: 1) The data used to estimate the agricultural rent prices are based on the database supplied by the Revenue Agency together with the Territorial Agency 1, it refers to notarial deeds of sale, usufruct, lease, transfer by inheritance and donation of agricultural funds
18.2. Frequency of data collection
  Land prices Land rents
Are the data collected on the regular, annual, basis?  No No
If yes, since when? If not, what is the frequency of data collection? 

Not available

Not available
18.3. Data collection
  Land prices Land rents
Primary data collection method 

Not available

Not available
18.4. Data validation
  Land prices Land rents
Data validation 

Not available

 Not available
18.5. Data compilation
  Land prices Land rents
Data compilation process 

In order to determine the price of one hectare of agricultural land sold for agricultural use, the procedure followed was: 

1) to determine the taxable value of the deed by adding the corresponding taxable values of the individual legal transactions;

2) to calculate for each deed the total surface adding the surface of each individual legal transaction if referred at the same agricultural use.

The average price of land price was calculated based on the reference price determined for each item of the basic classification:

- region;
- province;
- altitude;
- agricultural region;
- land use;
- 7 classes of treated surface (in square meters).

For each element of the basic classification the weighted mean and the median have been calculated. Both indicators were obtained using the area transferred as weighting factor. 

In order to determine the price of one hectare of agricultural land sold for agricultural use, the procedure followed was: 

1) to determine the taxable value of the deed by adding the corresponding taxable values of the individual legal transactions;

2) to calculate for each deed the total surface adding the surface of each individual legal transaction if referred at the same agricultural use.

The average price of land price was calculated based on the reference price determined for each item of the basic classification:

- region;
- province;
- altitude;
- agricultural region;
- land use;
- 7 classes of treated surface (in square meters).

For each element of the basic classification the weighted mean and the median have been calculated. Both indicators were obtained using the area transferred as weighting factor. 
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? 

Weighting system based on land use that allows for aggregation of values "mean" to a higher geographical level. To do this it was necessary to have the distribution of the agricultural census data for the following categories: 

- region,
- province,
- altitude,
- agricultural region,
- land use.

Weighting system based on land use that allows for aggregation of values "mean" to a higher geographical level. To do this it was necessary to have the distribution of the agricultural census data for the following categories: 

- region,
- province,
- altitude,
- agricultural region,
- land use.
18.6. Adjustment
  Land prices Land rents
Adjustment

Not available

Not available


19. Comment Top

From 2016, we have a break in the methodology used to check outliers both for land prices and rents.

The new methodology is described in annexes.


Related metadata Top


Annexes Top
Revision of the methodology to treat outliers to estimate land prices and rents.