Land prices and rents (apri_lpr)

National Reference Metadata in Euro SDMX Metadata Structure (ESMSAL)

Compiling agency: Service d'Economie Rurale


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

Service d'Economie Rurale
1.2. Contact organisation unit

Division des statistiques agricoles
1.5. Contact mail address

Service d'Economie Rurale

115 rue de Hollerich

B.P. 2102

L-1021 Luxembourg


2. Metadata update Top
2.1. Metadata last certified 02/12/2020
2.2. Metadata last posted 02/12/2020
2.3. Metadata last update 02/12/2020


3. Statistical presentation Top
3.1. Data description
  Land prices  Land rents 
Data description

Retail price for 1 ha of land used for agricultural purposes and expressed in €.

Lease price for 1 ha of land used for agricultural purposes and expressed in €.
3.2. Classification system
  Land prices  Land rents 
Classification system

National prices only (NUTS 3)

National rents only (NUTS 3)
3.3. Coverage - sector
  Land prices  Land rents 
Coverage - sector

Agricultural sector

Agricultural sector
3.4. Statistical concepts and definitions

Definition of the land price values

  Land prices  Land rents 
Definition of the land price values

Value of 1 ha of agricultural land purchased for agricultural purposes only

Value of 1 ha of agricultural land rented for agricultural purposes only
The costs of transferring ownership (therefore lawyer's fees, registration taxes and real estate) are excluded from collected selling/purchase price of agricultural land? No Not applicable. 
The value of deductible VAT is excluded from the price of agricultural land? Yes Yes
The entitlements related to the land are excluded from the collected selling/purchase/renting price of agricultural land? Yes Yes
The value of any buildings or dwellings situated on it and any other expenses related to other assets except the agricultural land (current maintenance expenditure on buildings, buildings insurance, depreciation of buildings, rents paid for the professional use of non-residential buildings etc.) are excluded from the price of agricultural land? Yes Yes
The value of any monetary compensation received by farmers for the sales/acquisition of the Utilized Agricultural Area is excluded from the collected selling/purchase price of agricultural land? Yes Not applicable. 
The value of any inheritances transfers related to the sold/purchased land is excluded from the collected selling/purchase price of agricultural land? Yes Not applicable. 
If you have replied NO to any of the above questions explain the reason why. 

Lawyers fees are included as it is not possible to separate them from the actual land price.

Not applicable.


EU Target Methodology

  Land prices  Land rents 
Does the data collection observe the land categories as specified in the EU Target Methodology?  Yes Yes
If not, please describe the differences. 

Irrigation being not significant in Luxembourg, the breakdown between irrigable and non-irrigable land is not made.

Not relevant.


Other UAA categories

  Land prices  Land rents 
Does the price information provided to Eurostat include information on other UAA categories?  No No
If yes, specify which categories. 

Not relevant.

Rents for vineyards are included.
3.5. Statistical unit
  Land prices  Land rents 
Reporting unit 

Agricultural holdings

Agricultural holdings
Observation unit 

The observation unit is the price of 1 ha of agricultural land purchased by book-keeping “commercial” farms. All the purchases of land are taken into consideration (FADN-sample not used). Only purchases of land and no transactions in the framework of successions are observed. However transactions between relatives are not excluded.

One hectare of agricultural land rented for agricultural use by book-keeping “commercial” farms. All the rents of land are taken into consideration (FADN-sample not used).
3.6. Statistical population
  Land prices  Land rents 
Does any kind of physical, economical or other threshold apply for data collection on land prices and rents? 

Agricultural holdings participating in the FADN

Agricultural holdings participating in the FADN
3.7. Reference area
  Land prices  Land rents 
Reference area

National territory

National territory
3.8. Coverage - Time
  Land prices Land rents
Time coverage 

2003-2019

1983-2019
When was the first survey/data collection on land prices and rents in line with common Target Methodology organised? 

2003

1983
3.9. Base period

Not available.


4. Unit of measure Top
  Land prices  Land rents 
Is the price provided in national currency?  Yes Yes
Is the data on area provided in hectares?  Yes Yes


5. Reference Period Top
  Land prices Land rents
Is the reference period used for rental price the calendar year?  Not applicable.  Yes
If not, specify the reference period used Not applicable. 

Not relevant.


6. Institutional Mandate Top
6.1. Institutional Mandate - legal acts and other agreements
  Land prices Land rents
Legal acts and other agreements 

Covered by FADN agreements and legal acts

Covered by FADN agreements and legal acts
6.2. Institutional Mandate - data sharing

Not available.


7. Confidentiality Top
7.1. Confidentiality - policy

Not available.
7.2. Confidentiality - data treatment
  Land prices Land rents
Confidentiality - data treatment 

Land prices could be confidential if there were less than 3 holdings reporting land prices for 1 category in FADN, but in practice this should not be the case as FADN is covering about 800 holdings.

Land rents could be confidential if there were less than 3 holdings reporting land rents in FADN, but in practice this should not be the case as FADN is covering about 800 holdings.


8. Release policy Top
8.1. Release calendar

Not available.
8.2. Release calendar access

Not available.
8.3. Release policy - user access

Not available.


9. Frequency of dissemination Top

Not available.


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

Not available.
10.2. Dissemination format - Publications

Not available.
10.3. Dissemination format - online database

Not available.
10.4. Dissemination format - microdata access

Not available.
10.5. Dissemination format - other

Not available.
10.6. Documentation on methodology

Not available.
10.7. Quality management - documentation

Not available.


11. Quality management Top
11.1. Quality assurance

Not available.
11.2. Quality management - assessment

Not available.


12. Relevance Top
12.1. Relevance - User Needs
  Land prices Land rents
Are the data on land prices and rents collected for national purposes (by NSI or any other national administration) in your country? 

Yes

Yes
Are there any differences between the current EU Target Methodology and the national methodology?  No No
If yes, please describe the differences. 

Not relevant.

Not relevant.
12.2. Relevance - User Satisfaction

Not available.
12.3. Completeness

Not available.


13. Accuracy Top
13.1. Accuracy - overall

Not available.
13.2. Sampling error

Not available.
13.3. Non-sampling error

Not available.


14. Timeliness and punctuality Top
14.1. Timeliness
  Land prices Land rents
Timeliness 

11 months between the end of the reference period and the first data release to the public

11 months between the end of the reference period and the first data release to the public
When were data first released to the public? 

December 2020

December 2020
14.2. Punctuality

Not available.


15. Coherence and comparability Top
15.1. Comparability - geographical
  Land prices Land rents
Comparability - geographical (regional) 

There is no regional data for Luxembourg

There is no regional data for Luxembourg
15.2. Comparability - over time
  Land prices Land rents
Comparability - over time 

Land price data from 2011 to 2019 is comparable in time

Land rents data from 2011 to 2019 is comparable in time
15.3. Coherence - cross domain

Not available.
15.4. Coherence - internal

Not available.


16. Cost and Burden Top

Not available.


17. Data revision Top
17.1. Data revision - policy

Not available.
17.2. Data revision - practice

Not available.


18. Statistical processing Top
18.1. Source data
  Land prices Land rents
Source data 

In 2008 it was looked if the individual data on purchases of agricultural land of the bookkeeping holdings in Luxembourg would not be an alternative to the existing data source (administrative data from Administration de l’Enregistrement et des Domaines). A change of the data source was eased by the fact that the Service d’Economie Rurale, which is in charge of agricultural production statistics and price statistics, is also in charge of the European farm accountancy data network (FADN).
It has to be underlined that in 2007, more or less 800 holdings among the 1.784 “commercial” farms registered in Luxembourg, i.e. more than 40% of the “commercial” farms, are book-keeping holdings participating in FADN. So FADN data have a good representativity for the sector of professional farming.

The accountancy data base could be used back to 2003. For the years 2003 to 2006, only part of the data base was used, whereas from 2007 onwards, the whole data base can be used.

The median price per ha, the weighted average price per ha (weighted by area) and the average price per ha were calculated.

The accountancy data on land price were found to be of better quality than the administrative data and it was decided to keep them for agricultural land price statistics. The median price per ha was kept as price to be transmitted to EUROSTAT, mainly because it has the lowest year-to-year variation. However, it has to be underlined that FADN is not an exhaustive data base for agricultural land prices as only the land purchased by active farmers, and not all land purchases, are taken into consideration.

Farm accountancy data network (FADN)
18.2. Frequency of data collection
  Land prices Land rents
Are the data collected on the regular, annual, basis?  Yes Yes
If yes, since when? If not, what is the frequency of data collection? 

2003

1983
18.3. Data collection
  Land prices Land rents
Primary data collection method 

The FADN data collection method is used: the participating farmers provide information on sales and purchases to their bookkeeper who will integrate it into the FADN.

The FADN data collection method is used: the participating farmers provide information on land rents to their bookkeeper who will integrate it into the FADN.
18.4. Data validation
  Land prices Land rents
Data validation 

In addition to the standard FADN data validation, data is checked manually for outliers in order to eliminate land purchases that are not intended for agricultural use.

Standard FADN data validation
18.5. Data compilation
  Land prices Land rents
Data compilation process 

A median price per ha is calculated out of the list of all land purchases for agricultural purposes

An average land rents price is calculated according to the FADN rules
Is the aggregation at country level carried out in accordance with the EU Target Methodology?  Yes Yes
How the aggregation at country level is carried out? 

Not relevant: single-region country.

Not relevant: single-region country.
18.6. Adjustment
  Land prices Land rents
Adjustment

no adjustment

no adjustment


19. Comment Top

no comments


Related metadata Top


Annexes Top