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For any question on data and metadata, please contact: Eurostat user support |
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1.1. Contact organisation | Statistics Denmark |
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1.2. Contact organisation unit | Prices and Consumption |
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1.5. Contact mail address | Sejrøgade 11, DK-2100 |
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2.1. Metadata last update | 26/01/2024 | ||
2.2. Metadata last certified | 26/01/2024 | ||
2.3. Metadata last posted | 26/01/2024 |
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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. |
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3.2. Classification system | |||
The OOHPI is broken down into the following expenditure categories:
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3.3. Coverage - sector | |||
Households which are owner occupiers. |
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3.4. Statistical concepts and definitions | |||
The main statistical variables are price indices. |
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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. |
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3.6. Statistical population | |||
The target population is the set of all transactions of new dwellings to the sector purchased by households plus all relevant transactions connected to owner occupied dwellings. |
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3.7. Reference area | |||
Data is available for the country as a whole. | |||
3.8. Coverage - Time | |||
Data is available for 2002 and onwards. | |||
3.9. Base period | |||
2015=100 |
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The following units are used:
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OOHPI is a quarterly statistics. |
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6.1. Institutional Mandate - legal acts and other agreements | |||
Commission Regulation (EU) no 2023/1470 of 17 July 2023 on methodological and technical specifications in accordance with Regulation (EU) 2016/792 on harmonised indices of consumer prices and the house price index. |
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6.2. Institutional Mandate - data sharing | |||
Not relevant. |
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7.1. Confidentiality - policy | |||
Follows the general procedures related to data confidentiality at Statistics Denmark. | |||
7.2. Confidentiality - data treatment | |||
Not available. |
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8.1. Release calendar | |||
At this time OOH price indices are not published by Statistics Denmark. |
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8.2. Release calendar access | |||
Not relevant at this time |
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8.3. Release policy - user access | |||
Not relevant at this time. |
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Quarterly (OOHPI) and annually (weights) |
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10.1. Dissemination format - News release | |||
Not at this time. | |||
10.2. Dissemination format - Publications | |||
Not at this time. |
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10.3. Dissemination format - online database | |||
Not at this time. |
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10.4. Dissemination format - microdata access | |||
Not at this time. | |||
10.5. Dissemination format - other | |||
None. |
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10.6. Documentation on methodology | |||
None. | |||
10.7. Quality management - documentation | |||
None. |
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11.1. Quality assurance | |||
All data are checked for completeness and consistency with OOH statistical concepts and definitions. The quality of the OOH index is routinely reviewed using a framework that is based on the OOH Manual and the European Statistical System (ESS) definition of quality. |
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11.2. Quality management - assessment | |||
See under 11.1 |
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12.1. Relevance - User Needs | |||
Eurostat/ECB. | |||
12.2. Relevance - User Satisfaction | |||
Not available. | |||
12.3. Completeness | |||
OOH is still under development and therefore some minor areas may not be fully covered. Furthermore, information is not included because of lack of data. |
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13.1. Accuracy - overall | |||
Given the available data the OOH is perceived to be accurate and to reflect the overall market. | |||
13.2. Sampling error | |||
Not applicable. | |||
13.3. Non-sampling error | |||
With the exception of surveys on insurance companies, lawyers and on estate agents, all OOHPI indexes are based on administrative sources that cover the universe of dwelling transactions. However indices based on the Construction Cost Index are also partly based on samples as the Construction Cost Index partly relies on prices sampled in the Producer Price Index (PPI). The insurance survey was done using a cut-off sample, with the 5 most important insurance companies being surveyed. These companies accounted for almost 80% of all insurance provided to private households. The estate agents survey was done using a cut-off sample, with the 5 most important chains of estate agents being surveyed. These companies accounted for almost 70% of the market. The survey on lawyers is based on a random sample of approx. 25 law-firms. |
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14.1. Timeliness | |||
80 days | |||
14.2. Punctuality | |||
Data is delivered within the target date. |
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15.1. Comparability - geographical | |||
There is no geographical division of the data. |
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15.2. Comparability - over time | |||
Figures for major repairs and maintenance plus prices for legal work in relation to the acquisition of dwellings has been introduced at a later stage causing breaks in the figures. | |||
15.3. Coherence - cross domain | |||
Not available. | |||
15.4. Coherence - internal | |||
The HPI and OOHPI are produced at the same time in the same system to ensure consistency between the two. |
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There is no burden on respondents as the data is sourced from administrative data sources. The cost of production is app. 1500 euros per annum. |
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17.1. Data revision - policy | |||
Data is revised one time after the first dissemination. |
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17.2. Data revision - practice | |||
The OOH price indices for the last two quarters are currently being revised with every new publication to include more and more transactions that have been added to the data register with considerable delay. The revisions are also being carried out when appraisal values become available for newly built dwellings and when the weights are being updated with new information from National Accounts (Weight figures are annually revised for the latest years). |
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18.1. Source data | |||
See below. |
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18.1.1. Prices | |||
The major data sources are construction statistics, CPI data and administrative data from the tax authorities. |
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18.1.2. Weights | |||
Weights are based on National Accounts data. |
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18.2. Frequency of data collection | |||
The frequency of data collection is: |
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18.3. Data collection | |||
Most data is collected via electronic databases. |
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18.4. Data validation | |||
Data used for the OOH indices comes from the systems of other statistics. So the validation process has already been performed in these systems. |
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18.5. Data compilation | |||
See below. |
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18.5.1. Calculation and Aggregation | |||
See below. |
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18.5.1.1. Index formulae | |||
OOHPI is a Laspeyres-type price index. |
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18.5.1.2. Aggregation method | |||
The sub-indices are weighted in the aggregation. |
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18.5.1.3. Derivation of sub-index and elementary aggregate weights | |||
Sub-indices and elementary aggregate weights are based on national accounts data. The current weight reference period is 2022, and this period is updated on an annual basis. |
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18.5.1.4. Price updating | |||
Not applicable. |
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18.5.1.5. Chaining and linking method | |||
The calculated indices are linked with the fourth quarter of the preceding year which is then chained with respect to the index reference period. |
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18.5.2. Other processing issues - OOH sub-indices for purchases of newly built dwellings and existing dwellings new to households | |||
See below. |
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18.5.2.1. Timing for pricing | |||
First binding contract. |
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18.5.2.2. Treatment of VAT | |||
VAT is not included in the price of newly built dwellings because purchases of dwellings are exempt from VAT. |
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18.5.2.3. Treatment of other taxes | |||
Other taxes are not included in the price of dwellings. |
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18.5.2.4. Treatment of government subsidies | |||
Not relevant. |
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18.5.2.5. Treatment of land | |||
Land is included. It is not possible to separate the price of land and property in the data sources. |
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18.5.2.6. Housing cooperatives | |||
Housing cooperatives are not included. |
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18.5.2.7. Treatment of non-market transactions | |||
Not applicable. |
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18.5.2.8. Treatment of multi-object transactions | |||
Multi-object transactions are not included. |
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18.5.2.9. Treatment of fractional transactions | |||
Fractional transactions are removed. |
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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. |
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18.5.3.1. Elementary aggregate formulae | |||
Sub-indices are based on calculated indices from other statistics. |
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18.5.3.2. Replacements | |||
Not applicable. |
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18.5.3.3. Quality adjustment | |||
Not applicable. |
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18.5.3.4. Missing prices | |||
Not applicable. |
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18.5.3.5. Discounts and inducements | |||
Not applicable. |
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18.5.3.6. Zero prices | |||
Not applicable. |
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18.5.3.7. Treatment of VAT | |||
VAT is included in the price of newly built dwellings. |
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18.6. Adjustment | |||
None. |
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None. |
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