Hungarian Central Statistical Office (HCSO)

National Accounts Department - Consumer Prices Section

5-7 Keleti Károly street, Budapest, 1024, Hungary

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.

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.

The target statistical universe refers to the dwellings inhabited by owner-occupiers within the economic territories of a given country compiling the OOHPI. The household sector to which the definition refers includes all owners occupiers irrespective of, in particular, the type of area in which they live, their position in the income distribution and their nationality status.

Data are available for the country as a whole.

Data are available since 2010.

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.

The basic act providing for the compilation of the House price index (HPI) and the Owner-occupied price index (OOHPI) is the European Parliament and Council Regulation (EU) 2016/792, of 11 May 2016.

The relevant implementing act is the Commission Regulation (EU) No 2023/1470 of 17 July 2023.

Not applicable.

The HCSO has an own confidentiality policy which is available on the HCSO’s website.

All statistics collected and published by the HCSO are governed by the confidentiality provisions of the Act CLV of 2016 on Statistics, which specify that the HCSO cannot publish, or otherwise make available to any individual or organization, statistics that would enable the identification of data for any individual person or entity. There are two exceptions:

• Individual data on the activities of institutions, social organizations and state budget institutions performing activities of public interest may be made public without prior written consent of the data supplier if the respective data relates to the activities of public interest;
• Individual data without written consent of the data supplier may be transferred for statistical purposes only, to an international organization engaged in statistical activity, and in order to meet an international commitment, defined by rule of law.

The data are compiled under the terms of the Act CLV of 2016 On Statistics and the Act CXII of 2011 on the Right of Informational Self-Determination and on Freedom of Information.

Official statistical activity is regulated by Act CLV of 2016 on Official Statistics entered into force on 1 January 2017 and by Government Decree 184/2017. (VII. 5.) issued for the implementation of this law.

The English version of the text of Act CXII of 2011 is available on the Hungarian National Authority for Data Protection and Freedom of Information’s website.

The Hungarian National Assembly made the Act CLV of 2016 in order to ensure the HCSO’s independence and professionalism, and further strengthening of the confidence in official statistics. At the moment only available in Hungarian.

Legislation: https://www.ksh.hu/statistical_legislation

The OOHPIs are published on a quarterly basis, at one quarter after the reference period only on the Eurostat's website. OOHPI is not yet published in Hungary.

Not applicable.

OOHPI is only accessible on the Eurostat's website.

Quarterly (OOHPI) and annually (weights)

OOHPI indices are not yet published in Hungary.

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OOHPI data is only available on the Eurostat's website.

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Information on methodology is available in the metadata on the HCSO's website.

The Quality guidelines for the statistical processes of the HCSO are available on the website.

The quality assurance work based on the European Statistics Code of Practice.

The quality of the OOHPI is reviewed using a framework based on the OOH technical manual and the European Statistical System (ESS) definition of quality.

The OOHPI responds to the needs of all individual users interested in knowing the behaviour of prices connected with dwelling acquisition and ownership.

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All expenditure categories listed in Commission Regulation (EU) No 2023/1470 are covered except those for Existing dwellings new to households and Other services related to ownership of dwellings as their weights less than one part per hundred of the total expenditures on OOH.

The accuracy of the OOHPI is assured by following Eurostat's methodological recommendation.

Samplings in some parts of the OOHPI are non-probability (cut-off) samples which make it difficult to assess the sampling errors.

Not available.

Data is sent 85 days after the end of the reference period (indices) and 165 days after the end of the reference year (weights).

There is no delay in the transmission of the data.

There are no regional data.

The calculation of data is in line with the Eurostat's recommendations so the indices are comparable across countries.

The same source of data and the calculation methodology ensure the coherence of time series. The OOHPIs are fully comparable over time.

The HPI partly overlap the scope of the OOHPI. The coherence is regularly checked between the two indicators.

Consistency checks between HPI H.1.1 and OOHPI O.1.1.1 as the content of the two categories is almost the same.

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OOHPI series, including back data,is revisable under the terms set in Commission Regulation (EU) No 2023/1470 of 17 July 2023. The published OOHPI data may be revised for mistakes, new or improved information, and changes in the system of harmonised rules.

Main reason for revisions is new or additional data from the administrative data source. Regarding the administrative database the data are regarded as final at the second quarter of the following year.

See below.

Sources of data used for the calculation of the OOHPI are administrative and survey data.

Sources of data used for the calculation of the OOHPI are administrative and survey data.

Data are collected monthly or quarterly.

Purchases of newly built dwellings: Quarterly

Self-built dwellings and major renovations: Quarterly

Other services related to the acquisitions of dwellings: Monthly

Major repairs and maintenance: Quarterly

Insurance connected with the dwelling: Monthly

The administrative data are recorded continuously by NAV (National Tax and Customs Authority). The quarterly data transfer contains settlement code, name of the street, type of property, date of sale, price and price estimates of stamp duty offices and floor area of homes.

For self-built dwellings natural data are collected on electronic questionnaires which are filled in by building authorities. Material cost items are taken from the database of ÉGSZI Senior Ltd.

Major repairs and maintenance data is collected within the National Statistical Data Collection Programme (OSAP) by questionnaire Nr. 1831. Unit prices of construction operations are asked from selected construction enterprises. Questionnaires are collected electronically, through ELEKTRA system. 

Other parts of the OOHPI are collected via the questionnaire Nr. 1006 of the National Statistical Data Collection Programme (OSAP) together with consumer prices data collection. Data is collected by price collectors manually from the Internet.

The different data sources of individual sub-indices are validated separately. Data validation is built in the electronic questionnaires, and extended to the checking of the price change to the last reported price. The validated electronic questionnaires enter the HCSO’s database automatically.

See below.

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OOHPI is a Laspeyres-type price index.

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Weights are updated annually.

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See below.

First binding contract.

VAT is included in the price of newly built dwellings.

Other taxes are not included in the price of dwellings.

Government subsidies are not deduced from price.

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Housing cooperatives are not included.

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See below.

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In the adjustment of the changes in the characteristics of sold dwellings, the hedonic re-pricing method is used.

No seasonal or other type of adjustment is applied.

No comments.