Owner occupied housing price index (prc_hpi_oo)

National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: INSEE - The French National Institut for Statistics.


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

INSEE - The French National Institut for Statistics.

1.2. Contact organisation unit

The Housing and Welath Division belongs to Department of Household Resources and Living Conditions.

Department of Household Resources and Living Conditions belongs to Directorate of Economic and Social Statistics, one of the central directorates of INSEE

1.5. Contact mail address

88 Avenue Verdier CS 70058 92541 MONTROUGE CEDEX FRANCE


2. Metadata update Top
2.1. Metadata last update 05/02/2024
2.2. Metadata last certified 05/02/2024
2.3. Metadata last posted 05/02/2024


3. Statistical presentation Top
3.1. Data description

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.

3.2. Classification system

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.
3.3. Coverage - sector

Households which are owner occupiers.

3.4. Statistical concepts and definitions

The main statistical variables are price indices.

3.5. Statistical unit

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.

3.6. Statistical population

Owner occupied dwellings.

3.7. Reference area

French OOHPI covers France excluding overseas areas.

3.8. Coverage - Time

Data are available from 2009Q1.

3.9. Base period

2015=100


4. Unit of measure Top

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).


5. Reference Period Top

OOHPI is a quarterly statistics.


6. Institutional Mandate Top
6.1. Institutional Mandate - legal acts and other agreements

Legal acts and other agreements - EU level :

Commission Implementing Regulation (EU) 2023/1470

EU regulation 2016/792 provides for the quarterly transmission of OOHPI data by 85 days after the end of the quarter and of the annual weights by 15 June of year following the year to which the weights relate.

6.2. Institutional Mandate - data sharing

Not applicable.


7. Confidentiality Top
7.1. Confidentiality - policy

Data are published up to the level of detail described in the HPI and OOHPI implementing Regulation.

7.2. Confidentiality - data treatment

Not applicable.


8. Release policy Top
8.1. Release calendar

The French OOHPI is published by Eurostat according to Eurostat's schedule. It is not published otherwise by INSEE .

8.2. Release calendar access

Not applicable.

8.3. Release policy - user access

Not applicable.


9. Frequency of dissemination Top

Quarterly (OOHPI) and annually (weights)


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

Not applicable.

10.2. Dissemination format - Publications

No publication contains the overall OOHPI data, yet the published sub indices (O1111 in the HPI publication, O121 as "IPEA" on its own) are published quarterly on insee.fr

10.3. Dissemination format - online database

No, yet the published sub indices (O1111 in the HPI publication, O121 as "IPEA" on its own) are available on insee.fr

10.4. Dissemination format - microdata access

Not applicable.

10.5. Dissemination format - other

Not applicable.

10.6. Documentation on methodology

There is no specific documentation for France, Eurostat's Technical manual on Owner-Occupied Housing and House Price Indices (2017) is the basis used for compiling the index.

10.7. Quality management - documentation

Not available.


11. Quality management Top
11.1. Quality assurance

All data are checked for completeness and consistency according to the statistical concepts and definitions.

11.2. Quality management - assessment

Not available.


12. Relevance Top
12.1. Relevance - User Needs

The aggregation of the sub-indices to the OOHPI is made specifically for Eurostat.

12.2. Relevance - User Satisfaction

The OOHPI meets the specifications set out in the Regulation.

12.3. Completeness

The OOHPI meets the specifications set out in the Regulation.


13. Accuracy Top
13.1. Accuracy - overall

There are no estimates of the overall accuracy of the OOHPI.

13.2. Sampling error

No sampling for new dwellings price (exhaustive survey). Self build dwellings and major renovations are sampled using quarterly 500 building permits over 30000. Other services concerning acquisition is computed from several notaries fees. Major repairs and maintenance is computed using firms which answer to the statistical business survey. Insurance and other services concerning ownership are computed using the French CPI sample.

13.3. Non-sampling error

Non available.


14. Timeliness and punctuality Top
14.1. Timeliness

Data are sent according to HPI and OOHPI regulations: 85 days after the end of the reference period (indexes) and no later than June 15th of the year following the reference year (weights).

14.2. Punctuality

Data are delivered on time, following the 2016/792 Regulation.


15. Coherence and comparability Top
15.1. Comparability - geographical

Only one overall index is given for France (no regional breakdowns)

15.2. Comparability - over time

Data are comparable over time.

15.3. Coherence - cross domain

There are no other potential sources of OOHPI.

15.4. Coherence - internal

The newly built dwellings price index used in the OOHPI is also used in the HPI.


16. Cost and Burden Top

0.2 FTE for a statistician is needed for compilating the sub-indices and answering Eurostat.


17. Data revision Top
17.1. Data revision - policy

OOHPI is revised for the last quarter.

17.2. Data revision - practice

Results are more accurate after revision.


18. Statistical processing Top
18.1. Source data

See below.

18.1.1. Prices

Data concerning the different items are collected either by surveys, or using the CPI sample (see 13.2). 

18.1.2. Weights

The weights between the different items are calculated from the Housing National Accounts.

18.2. Frequency of data collection

Data are collected quarterly for the construction surveys and monthly for the CPI.

18.3. Data collection

See above.

18.4. Data validation

Validations of the data collection are made including checks for aberrant values.

18.5. Data compilation

See below.

18.5.1. Calculation and Aggregation

See below.

18.5.1.1. Index formulae

OOHPI is a Laspeyres-type price index.

18.5.1.2. Aggregation method

Sub-indices are aggregated by means of weights derived from global amounts provided by National Accounts.

18.5.1.3. Derivation of sub-index and elementary aggregate weights

Aggregate weights are computed from amounts provided by National Accounts.

18.5.1.4. Price updating

N/A

18.5.1.5. Chaining and linking method

N/A

18.5.2. Other processing issues - OOH sub-indices for purchases of newly built dwellings and existing dwellings new to households

See below.

18.5.2.1. Timing for pricing

First binding contract.

18.5.2.2. Treatment of VAT

VAT is included in the price of newly built dwellings.

18.5.2.3. Treatment of other taxes

Other taxes are not included in the price of dwellings.

18.5.2.4. Treatment of government subsidies

Government subsidies or fiscal incentives are not taken care of in the OOHPI.

18.5.2.5. Treatment of land

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

18.5.2.6. Housing cooperatives

Housing cooperatives are not included.

18.5.2.7. Treatment of non-market transactions

Excluded

18.5.2.8. Treatment of multi-object transactions

N/A

18.5.2.9. Treatment of fractional transactions

N/A

18.5.3. Other processing issues - OOH sub-indices other than OOH sub-indices for purchases of newly built dwellings and existing dwellings new to households

See below.

18.5.3.1. Elementary aggregate formulae

Aggregation is performed based on weighted average of indices.

18.5.3.2. Replacements

N/A

18.5.3.3. Quality adjustment

N/A

18.5.3.4. Missing prices

N/A

18.5.3.5. Discounts and inducements

N/A

18.5.3.6. Zero prices

N/A

18.5.3.7. Treatment of VAT

Regarding indices, most of the components (excluding newly build dwelling index and components coming from HICP) exclude VAT, as they as regarded as producer prices. Yet weights are computed on a consistent basis, including VAT for each component.

18.6. Adjustment

No specific other adjustments.


19. Comment Top

None.


Related metadata Top


Annexes Top