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For any question on data and metadata, please contact: Eurostat user support |
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1.1. Contact organisation | Central Statistical Bureau of Latvia |
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1.2. Contact organisation unit | Consumer Price Indices section |
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1.5. Contact mail address | 1, Lacplesa Str., Riga, LV-1301, LATVIA |
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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 | |||
Owner-occupied dwellings. |
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3.7. Reference area | |||
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. |
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3.8. Coverage - Time | |||
Data are available starting from the first quarter of 2010. |
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3.9. Base period | |||
2015=100 |
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The following units are used: - Index point; |
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OOHPI is a quarterly statistics. |
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6.1. Institutional Mandate - legal acts and other agreements | |||
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. |
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6.2. Institutional Mandate - data sharing | |||
Not available. |
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7.1. Confidentiality - policy | |||
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. |
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7.2. Confidentiality - data treatment | |||
Data are published in an aggregated form. Data on individual transactions are not disseminated. |
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8.1. Release calendar | |||
Quarterly owner-occupied housing price index dissemination calendar is available on the Official Statistics Portal of Latvia. |
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8.2. Release calendar access | |||
8.3. Release policy - user access | |||
The data are disseminated to all users through the Official Statistics Portal of Latvia. |
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Quarterly (OOHPI) and annually (weights) |
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10.1. Dissemination format - News release | |||
Not available. |
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10.2. Dissemination format - Publications | |||
Not available. |
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10.3. Dissemination format - online database | |||
A database with owner-occupied housing price indices is available on the Official Statistics Portal of Latvia. |
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10.4. Dissemination format - microdata access | |||
Micro-data is not disseminated. |
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10.5. Dissemination format - other | |||
Not applicable |
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10.6. Documentation on methodology | |||
The owner-occupied housing price index metadata available on the Official Statistics Portal. |
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10.7. Quality management - documentation | |||
Not available. |
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11.1. Quality assurance | |||
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. |
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11.2. Quality management - assessment | |||
Not available. |
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12.1. Relevance - User Needs | |||
Not available. |
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12.2. Relevance - User Satisfaction | |||
Not available. |
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12.3. Completeness | |||
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 |
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13.1. Accuracy - overall | |||
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. |
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13.2. Sampling error | |||
Sampling errors have been reduced through continuous methodological improvements. |
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13.3. Non-sampling error | |||
Non-sampling errors have been reduced through continuous methodological improvements. |
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14.1. Timeliness | |||
85 days after the end of the reference period for indices and no later than June 15 of the year T for weights. |
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14.2. Punctuality | |||
No delays in the transmission and dissemination of the data. 85 (provisional data) 166 (final data) |
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15.1. Comparability - geographical | |||
Owner-occupied housing price index is calculated for the country as a whole, there are no regional indices available. |
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15.2. Comparability - over time | |||
Data are comparable over time. |
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15.3. Coherence - cross domain | |||
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. |
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15.4. Coherence - internal | |||
All figures are checked for internal consistency. |
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0.5 FTE for the OOHPI calculation; no significant burden on respondents. |
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17.1. Data revision - policy | |||
The owner-occupied housing price indices may be revised. |
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17.2. Data revision - practice | |||
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. |
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18.1. Source data | |||
See below. |
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18.1.1. Prices | |||
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. |
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18.1.2. Weights | |||
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. |
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18.2. Frequency of data collection | |||
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. |
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18.3. Data collection | |||
CSB receives data from Land Register and surveyed companies on a regular basis. |
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18.4. Data validation | |||
Data are checked for internal consistency. |
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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 | |||
Indices for all stratum are aggregated to the country total using weights provided by NA. |
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18.5.1.3. Derivation of sub-index and elementary aggregate weights | |||
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. |
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18.5.1.4. Price updating | |||
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 |
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18.5.1.5. Chaining and linking method | |||
OOHPI is annually chain-linked Laspeyres-type index. |
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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 | |||
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. |
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18.5.2.2. Treatment of VAT | |||
VAT is included in the price of newly built dwellings. |
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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 | |||
Government subsidies for housing acquisition do not influence market prices but rather owner occupier expenditure. |
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18.5.2.5. Treatment of land | |||
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). |
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18.5.2.6. Housing cooperatives | |||
Housing cooperatives are not relevant. |
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18.5.2.7. Treatment of non-market transactions | |||
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. |
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18.5.2.8. Treatment of multi-object transactions | |||
Not relevant. |
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18.5.2.9. Treatment of fractional transactions | |||
Not relevant. |
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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 | |||
For sub-indices other than purchases of newly built dwellings, existing dwellings new to households and Construction cost index, Dutot formula is used. |
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18.5.3.2. Replacements | |||
Models for selected services are reviewed annually in cooperation with service providers. |
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18.5.3.3. Quality adjustment | |||
Services covered are either administrated mandatory charges or doesn't require other than direct comparison quality adjustment. |
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18.5.3.4. Missing prices | |||
Not relevant. |
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18.5.3.5. Discounts and inducements | |||
Not relevant. |
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18.5.3.6. Zero prices | |||
Not relevant. |
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18.5.3.7. Treatment of VAT | |||
VAT is included in the prices other services related to the acquisition where relevant. |
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18.6. Adjustment | |||
Not relevant |
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None. |
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