Central Statistical Bureau of Latvia

Consumer Price Indices section

1, Lacplesa Str., Riga, LV-1301, LATVIA

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.

Owner-occupied dwellings.

Data available on a very detailed level including by dwelling categories (family houses, flats), but due to small number of transactions indices are compiled for the country as a whole.

Data are available starting from the first quarter of 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.

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) 2020/1148

Cabinet Regulation Nr. 737 On notary service charges; Cabinet Regulation Nr. 1069 On the state duties for notary services; Cabinet Regulation Nr. 1250 On state duties for ownership and mortgage registration in Land Register; Law on Land Registry; Law on Statistics.

Not available.

Confidentiality of the information provided by respondents is protected by Section 17 of the Official Statistics Law stipulating rights and obligations of the Central Statistical Bureau of Latvia and other state authorities producing official statistics.

Data are published in an aggregated form. Data on individual transactions are not disseminated.

Quarterly owner-occupied housing price index dissemination calendar is available on the Official Statistics Portal of Latvia.

Release calendar

The data are disseminated to all users through the Official Statistics Portal of Latvia.

Quarterly (OOHPI) and annually (weights)

Not available.

Not available.

A database with owner-occupied housing price indices is available on the Official Statistics Portal of Latvia.

Micro-data is not disseminated.

Not applicable

The owner-occupied housing price index metadata available on the Official Statistics Portal.

Not available.

All data are checked for completeness and consistency with statistical concepts and definitions and in addition compared to evolution trends of the housing market/prices of related services.

Not available.

Not available.

Not available.

As specified in the 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) 2020/1148

The owner-occupied housing price index is perceived to be accurate and to reflect well the overall trends of the housing market as well as changes in prices of goods and services that households acquire as owner-occupiers.

Sampling errors have been reduced through continuous methodological improvements.

Non-sampling errors have been reduced through continuous methodological improvements.

85 days after the end of the reference period for indices and no later than June 15 of the year T for weights.

No delays in the transmission and dissemination of the data.

85 (provisional data) 166 (final data)

Owner-occupied housing price index is calculated for the country as a whole, there are no regional indices available.

Data are comparable over time.

The owner-occupied housing price index may partly overlap the scope of the house price indices. However, both indexes cover a different set of transactions and any comparison of the two indices should be done with this in mind.

All figures are checked for internal consistency.

0.5 FTE for the OOHPI calculation; no significant burden on respondents.

The owner-occupied housing price indices may be revised.

Data are published on the 85th day after the end of the current quarter. Revised data for previous quarter are published together with the provisional data of current quarter.

See below.

Main data source used to obtain information is State Unified Computerised Land Register, as well as separate surveys have been prepared for calculation of sub-indices.

Data for weights provided by National Accounts. Weights reflect structure of the acquisitions of dwellings and other goods and services that households acquire in their role as owner-occupiers in the year T-2. Weights are revised every year and recalculated into prices of the 4th quarter of the previous year.

Data are collected on a quarterly basis. For several sub-indices less frequent data collection is performed (real estate appraisal fee; real estate agents service fee; insurance). Service providers review prices less frequently than on quarterly basis therefore such a data fulfils comparability requirements.

CSB receives data from Land Register and surveyed companies on a regular basis.

Data are checked for internal consistency.

See below.

See below.

OOHPI is a Laspeyres-type price index.

Indices for all stratum are aggregated to the country total using weights provided by NA.

The weights reflect structure of the acquisition of dwellings and other goods and services that households acquire in their role as owner-occupiers in the year T-2 (NA data). The weights are revised every year and recalculated into the prices of the 4th quarter of the previous year.  

The weights reflect structure of the acquisition of dwellings and other goods and services that households acquire in their role as owner-occupiers in the year T-2. The weights are updated to make them representative of year T-1 and recalculated into the prices of the 4th quarter of the year T-1 

OOHPI is annually chain-linked Laspeyres-type index.

See below.

Registration of ownership in Land Register. There is no specific time requirement regarding the ownership registration in Land Register, however such registration is mandatory and if performed with unnecessary delay (later than 6 months after transaction took place) the registration fee is 1.5 times higher.

VAT is included in the price of newly built dwellings.

Other taxes are not included in the price of dwellings.

Government subsidies for housing acquisition do not influence market prices but rather owner occupier expenditure.

Land price is excluded from weights, but included in prices used for the index calculation purposes (newly built dwellings; existing dwellings new to the household sector).

Housing cooperatives are not relevant.

To get the most comparable data and exclude outliers only transactions within predefined parameters are used. Also manual identification of outliers based on the market situation is used.

Not relevant.

Not relevant.

See below.

For sub-indices other than purchases of newly built dwellings, existing dwellings new to households and Construction cost index, Dutot formula is used. 

Models for selected services are reviewed annually in cooperation with service providers. 

Services covered are either administrated mandatory charges or doesn't require other than direct comparison quality adjustment.

Not relevant.

Not relevant.

Not relevant.

VAT is included in the prices other services related to the acquisition where relevant.

Not relevant

None.