Statistics Estonia

Economic and Environmental Statistics Department

51 Tatari Street, 10134 Tallinn, Estonia

The OOHPI is based on the ‘net acquisitions’ approach, which measures changes in prices paid by households for the acquisition of dwellings that are new to the household sector and changes in other costs related to the ownership and transfer of ownership of dwellings.

According to Regulation the OOHPI is broken down into the following expenditure categories:

• O.1. Owner-occupiers’ housing expenditure;
  • O.1.1. Acquisitions of dwellings;
    • O.1.1.1. New dwellings;
      • O.1.1.1.1. Purchases of newly built dwellings;
      • O.1.1.1.2. Self-build dwellings and major renovations;
    • O.1.1.2. Existing dwellings new to households;
    • O.1.1.3. Other services related to the acquisition of dwellings;
  • O.1.2. Ownership of dwellings;
    • O.1.2.1. Major repairs and maintenance;
    • O.1.2.2. Insurance connected with dwellings;
    • O.1.2.3. Other services related to ownership of dwellings.

Households which are owner occupiers.

The main statistical variables are price indices.

The basic unit of statistical observation are transaction prices of dwellings new to the household sector and of other products that the households acquire in their role as owner-occupiers.

Data for the purchases of dwellings are compiled on the basis of full transaction prices. Both prices and weights include land value.

The OOHPI covers the entire country.

The time series on OOHPI start from 2005.

2015=100

The following units are used:

- Index point;
- Percentage change on the same period of the previous year (rates);
- Percentage change on the previous period (rates);
- Percentage share of the total (weights).

OOHPI is a quarterly statistics.

Legal acts and other agreements - EU level:

COMMISSION IMPLEMENTING REGULATION (EU) 2023/1470 of 17 July 2023 laying down the methodological and technical specifications in accordance with Regulation (EU) 2016/792 of the European Parliament and of the Council as regards the house price index and the owner-occupied housing price index, and amending Commission Regulation (EU) 2020/1148gulation (EU) 2016/792 of the European Parliament and of the Council as regards harmonised indices of consumer prices and the house price index.

Regulation (EU) 2016/792 of the European Parliament and of the Council of 11 May 2016 on harmonised indices of consumer prices and the house price index, and repealing Council Regulation (EC) No 2494/95.

Legal acts and other agreements - national level: Official Statistics Act.

Not applicable.

Regulation (EC) No 223/2009 of the European Parliament and of the Council, of 11 March 2009, on the transmission of data subject to statistical confidentiality to the Statistical Office of the European Communities

The dissemination of data collected for the purpose of producing official statistics is guided by the requirements provided for in § 34, § 35 and § 38 of the Official Statistics Act.

Notifications about the dissemination of statistics are published in the release calendar, which is available on the website. On 1 October each year, the release times of the Statistical Database, news releases, main indicators by IMF SDDS and publications are announced in the release calendar (in case of publications – the release month).

Statistics Estonia website: https://www.stat.ee/en/calendar

All users have been granted an equal access to official statistics: this means that the dissemination dates of official statistics have to be announced in advance and no user category (incl. Eurostat, state authorities and mass media) can have access to the official statistics (results of official statistical surveys) before other users. Statistical information is first published in the Statistical Database. In case a news release is published based on the same data, the information provided in the relevant news release is simultaneously published in the Statistical Database. Official statistics are available on the website at 8.00 a.m. (7:00 CET) on the date announced in the release calendar.

Quarterly (OOHPI) and annually (weights)

The news release 'Dwelling Price Index' once a quarter.

Not applicable.

Data are published under the heading 'Economy/ Prices' in the Statistical Database.

Micro-data is not disseminated.

Not used.

See 'Housing Price Indices' section in Eurostat's website.

Not applicable.

To assure the quality of processes and products, Statistics Estonia applies the EFQM Excellence Model, EU Statistics Code of Practice and the ESS Quality Assurance Framework (QAF). Statistics Estonia is also guided by the requirements provided for in § 7. 'Principles and quality criteria of producing official statistics' of the Official Statistics Act.

Statistics Estonia performs all statistical activities according to an international model (Generic Statistical Business Process Model – GSBPM). According to the GSBPM, the final phase of statistical activities is overall evaluation using information gathered in each phase or sub-process (this information includes, among other things, feedback from users, process metadata, system metrics and suggestions from employees). This information is used to prepare the evaluation report which outlines all the quality problems related to the specific statistical activity and serves as input for improvement actions.

The OOHPI responds to the needs of all users.

No special user satisfaction survey for OOHPI.

OOHPI is considered to meet the specifications set out in the Regulation.

Data source of administrative data ensures sufficient coverage and timeliness.

Not applicable.

Not applicable.

The data are released at the latest 85 days upon the end of the reference quarter (T+85).

The data have been published at the time announced in the release calendar.

The comparability of OOHPI across countries is regarded to be rather high. In general definitions and classifications have been harmonised.

The data are comparable across time.

The HPI partly overlaps the scope of the OOHPI.

The outputs of the statistical activity are coherent. Higher-level aggregations are derived from detailed indices according to pre-defined procedures.

The OOHPI data is not subject to periodic and systematic revisions. OOHPI series, including back data, would be revisable under the terms set in the Regulation.

Public will be informed about possible non-periodic revisions.

See below.

Dwelling price index is based on administrative data.

In addition to administrative data the owner-occupied housing price index is based on construction price index survey data and survey based data.

Administrative data

Transaction data are received from the Estonian Land Board.

Weights compiled from transactions data, 'National accounts' and statistical activities 'Construction' and 'Financial statistics of insurance enterprises' are used.

Quarterly / monthly.

Administrative data are collected through the use of an electronic protocol established between Statistics Estonia and the Estonian Land Board.

Survey data are collected through direct survey by staff of Statistics Estonia.

The input data is checked and, if needed, specified with data source. The data are compared with the data of previous periods and other relevant sources (both internal and external).

See below.

See below.

OOHPI is a Laspeyres-type price index.

Elementary aggregates are aggregated using Laspeyres.

Weights are updated annually. Weight reference period is year-1.

The reference period is mostly t-1. If the weight reference period is other than t-1, the expenditure shares are updated to make them representative of year t-1.

At aggregated level annual chain linking method is applied where fourth quarter of the year t-1 is linking quarter.

See below.

Transfer of ownership.

VAT is included.

Other taxes are not included in the price of dwellings.

Not applicable.

The price of land is included in both prices and weights.

Housing cooperatives are not included.

Non-market transactions are excluded from index calculation, if identified.

Transaction can include more than one object in one property.

Actual transactions are included.

See below.

Geometric mean prices are used for transactions elementary aggregates.

Not applicable.

None.