Statistical Office of Montenegro - MONSTAT

Department for Short-term indicators

IV Proleterske No. 2, 81000 Podgorica, Montenegro  

The aim of the quarterly survey of dwellings in a new residential buildings is collection of information about the level and dynamics of dwelling price. The contract price is used in order to observe the current price level of residential construction as well as insight into the level of investment in residential construction.

The observation unit is a contracted price of usable area of sold dwelling in new residential building in the residential, mainly residential and non-residential building. The exceptions are the dwellings which are constructed for own use. Data for the variable 310 (producer price index of new residential buildings) are available from this survey.

NACE Rev.2.

The coverage are enterprises that are registered in sector F according to the classification NACE Rev.2 as well as enterprises that are not classified in construction sector, but whose local units perform the works on construction objects.

This survey collects the information about the price per 1m² of usable area in Euro which is included:

 - The price for arranging construction land includes the following elements: purchase of land, demolition, the displacement of the occupants, preparation of detailed urban plans and projects, the field testing, the works on recovery, the works for environmental protection and protection of cultural monuments, arrangement of the area around the building, utility equipping of land which include the costs for constructing a primary and secondary network for electricity, water, sewer, phone and etc.

- The price of construction works includes the costs for construction, craftsmanship and finishing works, installation works on buildings and dwellings, equipments for buildings and dwellings.

- Other costs such as a contributions and taxes for connections to the electricity grid and other communal facilities, the cost of expert services which organizes and supervises the construction, interest on loans and advances, taxes for obtaining the permits, VAT, the cost for projecting of the building and etc.           

The reporting units are investors. The investors are registered in construction sector as well as KAU.

The prices of dwellings in a new residential building, as a subject of this survey, have to covered for all sold dwellings in the residential buildings on the territory of Montenegro for which is concluded a contract of sales and which produces an obligation relations. The investors are identified according to the Building permits survey.

The whole territory of Montenegro.

The data about prices of dwellings in new residential buildings are produced more than 30 years. Since 2011 the data are available on a quarterly basis.

The base year is 2015.

Index.

Since 2011 this survey is conducted on quarterly bases in other to compile with EU regulations.

The legal basis for the implementation of this survey is the Law on Official Statistics and Official Statistical System of Montenegro ("Official Gazette of Montenegro“, No. 18/12 and 47/19) and Annual plan of statistical surveys.

Implementation of the price of dwellings in new residential buildings survey in Montenegro also relies on the Regulation for the Integration of Business Statistics REGULATION (EU) 2019/2152 - EBS.

Data are regularly transmitted only to Eurostat and other international organizations on particular request. 

National legislation: according to the Law on Statistics and Statistical System of Montenegro, Article 54 the data collected, processed and stored for the purpose of official statistics shall be confidential, if it is on the basis of these data, either directly or indirectly identify reporting units which disclosing individual information.

European legislation:
Regulation (EC) No 223/2009 of the European Parliament and of the Council, of 11 March 2009, on the transmission of data subject to statistical confidentiality to the Statistical Office of the European Communities.

Government of Montenegro, on the 64th session, held on February 22, 2018, adopted  Commitment on Confidence in Official Statistics which is available on web site http://monstat.org/eng/page.php?id=1461&pageid=1461 

Confidential data are treated according to policy rules (see point 7.1).
Data are nationally published only on the level at which they are not confidential.
Individual data represent an official secret.

Data are published 50 days after the reference period. Date of publication statements is defined in the Calendar of statistics of MONSTAT.

 A statistical calendar is published on the website. A link to the MONSTAT website: http://monstat.org/uploads/files/O%20NAMA/Kalendar2022_eng.pdf

User access is achieved for construction statistics via the MONSTAT website. The data are available for all users at the same time.

Quarterly.

Data are available on the website and in a press release and in annual publication:http://monstat.org/eng/page.php?id=320&pageid=320

Data are published in the quarterly release of Prices of dwellings in a new residential buildings, Statistical Yearbook and in the publication "Montenegro in Figures".

Data are available on-line at: http://monstat.org/eng/page.php?id=320&pageid=35

Micro-data are not accessible.

Data are sent to Eurostat.

A statement of methodology is available on http://monstat.org/uploads/files/gradjevinarstvo/Cijene%20stanova%20u%20novogradnji/Methodology_Price%20of%20dwellings%20in%20new%20residential%20buildings_2021.pdf

Quality report for this survey is available on web site:

http://monstat.org/eng/page.php?id=1641&pageid=320

Not applicable.

Definitions of basic variables and the methodology are fully harmonized with the recommendations of Eurostat in the field of short-term indicator (Council Regulation No 1165/98 ANNEX B) except seasonal adjustment. 

The Quality Management Strategy is available on web site: http://monstat.org/eng/page.php?id=1422&pageid=142 

Users of data are: Eurostat, Tax authority, the Municipality, Ministry, sectors inside Monstat, the companies engaged in construction, other general public.

Monstat provide general users satisfaction survey which you can find on link: https://www.monstat.org/uploads/files/kvalitet/2.%20Izvjestaj%20o%20zadovoljstvu%20korisnika%20-%202022_FINAL%20engleska.pdf

The survey is done on the full coverage and obtained data were consistent with the REGULATION (EU) 2019/2152 EBS.

The data are considered as accurate. 

Not applicable - full coverage of investors.

All new residential buildings are covered.

The data are published 50 days after the end of the reference period.

Deadlines for publishing have been complied in accordance with the calendar of release.

The deffinitions CR 1503/2006 are applied to the achieved comparibility. The data is published according to the following territorial categories:

Montenegro,

The capital city of Podgorica,

Coastal region: Bar, Budva, Herceg Novi, Kotor, Tivat and Ulcinj,

Central region: Cetinje, Danilovgrad, Nikšić, Tuzi and Zeta.

Northern region: Andrijevica, Berane, Bijelo Polje, Gusinje, Kolašin, Mojkovac, Petnjica, Plav, Pljevlja, Plužine, Rožaje, Šavnik and Žabljak.

Quarterly data are comparable since 2011.

Not applicable.

Not applicable.

Financial resources required for the implementation of this survey are defined by the budget of Statistical Office of Montenegro. 

The Revision Policy prepared by Statistical Office of Montenegro is on web site: http://monstat.org/userfiles/file/o%20nama/2017/Revision%20policy.pdf

Significant revisions have only been made to reflect changes in methodology. We update figures all the time in the new press release with the remarks.

Data are collected from investors. Full coverage. 

Quarterly.

Data are collected through questionnaires (by post, email).

At national level, editing involves studying data from respondents with the aim of identifying (and eventually correcting) errors. Not all errors can be identified and the aim is to detect the errors that have a significant influence on the results. Rules to assist in identifying errors may flag possible errors that require further investigation to determine where there really is an error as opposed to an unusual result or they may identify definite errors. Editing involves checks for completeness, that values are within given ranges and that values for related variables are coherent. Data editing may take place during or after data entry.

The type of indexes is Laspeyres. Missing observation are not estimated and chain-linking is used.

Not available.

Not available