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National reference metadata

Lithuania

Reference metadata describe statistical concepts and methodologies used for the collection and generation of data. They provide information on data quality and, since they are strongly content-oriented, assist users in interpreting the data. Reference metadata, unlike structural metadata, can be decoupled from the data.

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Owner occupied housing price index (prc_hpi_oo)

National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: State Data Agency (Statistics Lithuania)

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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.

13 November 2024

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 population of housing is comprised of dwellings acquired from other sectors or built by both resident and non-resident households within the economic territory of the country in their role as owner-occupiers.

The target population of enterprises is comprised of enterprises performing own-account residential construction and major repair works, trade enterprises representing the current network of trade in construction materials and products, service enterprises providing dwelling acquisition and ownership-related (e.g. insurance) services.

The target population of goods and services covers dwelling acquisition and ownership-related goods and services.

Data are available for the country as a whole.

OOHPI is a quarterly statistics.

The accuracy of OOH price index data sources is observed through the evaluation of the reliability of the administrative data source for prices and weights – the Database of the Real Property Register and the Database of Transactions of the state enterprise Centre of Registers, and statistical surveys on housing construction prices, construction input prices, consumer goods and services prices according to the system for the monitoring and measurement of the quality of statistical surveys in place at Statistics Lithuania.

A purposive sampling method is used in the statistical surveys and pieces of work whose information is used in the calculation of OOH price index component price sub-indices: for the selection of structures, input elements, goods and services and  enterprises.

The results of statistical surveys and OOH price index compilation are analysed looking for errors, which may affect the final results; closer attention is paid to outliers.

Efforts are made to reduce the number of price data errors by improving primary statistical data verification programs in the statistical surveys whose information are used for the calculation of OOH price index component price sub-indices.

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);
  • Per mile share of the total (weights).

See below.

See below.

Quarterly for the OOHPI and annual for weights.

Statistical information is published not later than on the 72-74th day after the end of the reference quarter.

Not applicable.

The OOH price index is available from the first quarter of 2006. Since the first quarter of 2009, the following OOH price index components were included in the calculation of the all-items OOHPI: 'Other costs related to the purchase of a dwelling', 'Costs of ownership of dwellings', 'Major repairs and maintenance', 'Insurance connected with the dwelling'. The inclusion of new components could affect the comparability of the OOH price index over time.