Title of statistical activity: Dwelling price index and owner-occupied housing price index

Code of statistical activity: 20412

  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 and reliability
  14. Timeliness and punctuality
  15. Coherence and comparability
  16. Cost and burden
  17. Data revision
  18. Statistical processing
  19. Comments

1. Contact Individual or organisational contact points for the data or metadata, including information on how to reach the contact points.

1.1. Contact organisation The name of the organisation of the contact points for the data or metadata.

Statistics Estonia

1.2. Contact organisation unit An addressable subdivision of an organisation.

Economic and Environmental Statistics Department

1.3. Contact name The name of the contact points for the data or metadata.

Egne Säinast

1.4. Contact person function The area of technical responsibility of the contact, such as "methodology", "database management" or "dissemination".

Leading Statistician

1.5. Contact mail address The postal address of the contact points for the data or metadata.

51 Tatari Str, 10134 Tallinn, Estonia

1.6. Contact email address E-mail address of the contact points for the data or metadata.

egne.sainast@stat.ee

1.7. Contact phone number The telephone number of the contact points for the data or metadata.

+372 625 9280

2. Metadata update The date on which the metadata element was inserted or modified in the database.

2.1. Metadata last certified Date of the latest certification provided by the domain manager to confirm that the metadata posted are still up-to-date, even if the content has not been amended.

15/06/2017

2.2. Metadata last update Date of last update of the content of the metadata.

15/06/2017

3. Statistical presentation

3.1. Data description Main characteristics of the data set described in an easily understandable manner, referring to the data and indicators disseminated.

Dwelling price index total, incl. apartments, houses and owner-occupied housing price index

3.2. Classification system Arrangement or division of objects into groups based on characteristics which the objects have in common.

Not used

3.3. Sector coverage Main economic or other sectors covered by the statistics.

ESA 2010 sector S. 14 (Household sector)

3.4. Statistical concepts and definitions Statistical characteristics of statistical observations.

Dwelling Price Index (DPI) – expresses changes in the transaction prices of dwellings purchased by households.

Owner-Occupied Housing Price Index – expresses changes in the acquisition prices of new dwellings for households and in the prices of other housing expenditures incurred as owner-occupiers.

3.5. Statistical unit Entity for which information is sought and for which statistics are ultimately compiled.

Household

3.6. Statistical population The total membership or population or "universe" of a defined class of people, objects or events.

Dwellings purchased by households and other expenditures incurred as owner-occupiers

FRAME

Not applicable

3.7. Reference area The country or geographic area to which the measured statistical phenomenon relates.

Estonia as a whole

3.8. Time coverage The length of time for which data are available.

2005–…

3.9. Base period The period of time used as the base of an index number, or to which a constant series refers.

The base year for the index is 2010 = 100

4. Unit of measure The unit in which the data values are measured.

Index is without the unit

5. Reference period The period of time or point in time to which the measured observation is intended to refer.

Quarter

6. Institutional mandate

6.1. Legal acts and other agreements Legal acts or other formal or informal agreements that assign responsibility as well as the authority to an agency for the collection, processing, and dissemination of statistics.

DIRECTLY APPLICABLE LEGAL ACTS

REGULATION (EU) 2016/792 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

Regulation (EU) No 1176/2011 of the European Parliament and of the Council of 16 November 2011 on the prevention and correction of macroeconomic imbalances

Commission Regulation (EU) No 93/2013 of 1 February 2013 laying down detailed rules for the implementation of Council Regulation (EC) No 2494/95 concerning harmonised indices of consumer prices, as regards establishing owner-occupied housing price indices

OTHER LEGAL ACTS

Not available

OTHER AGREEMENTS

Not available

7. Confidentiality A property of data indicating the extent to which their unauthorised disclosure could be prejudicial or harmful to the interest of the source or other relevant parties.

7.1. Confidentiality - policy Legislative measures or other formal procedures which prevent unauthorised disclosure of data that identify a person or economic entity either directly or indirectly.

The dissemination of data collected for the purpose of producing official statistics is guided by the requirements provided for in § 34 and § 35 of the Official Statistics Act.

7.2. Confidentiality - data treatment Rules applied for treating the data set to ensure statistical confidentiality and prevent unauthorised disclosure.

The treatment of confidential data is regulated by the Procedure for Protection of Data Collected and Processed by Statistics Estonia: https://www.stat.ee/66485.

8. Release policy Rules for disseminating statistical data to interested parties.

8.1. Release calendar The schedule of statistical release dates.

Notifications about dissemination of statistics are published in the release calendar, which is available on the website. Every year on 1 October, the release times of the Statistical Database, news releases, main indicators by IMF SDDS and publications for the following year are announced in the release calendar (in case of publications – the release month).

8.2. Release calendar access Access to the release calendar information.

https://www.stat.ee/release-calendar

8.3. User access The policy for release of the data to users, the scope of dissemination (e.g. to the public, to selected users), how users are informed that the data are being released, and whether the policy determines the dissemination of statistical data to all users.

All users have been granted equal access to official statistics: dissemination dates of official statistics are announced in advance and no user category (incl. Eurostat, state authorities and mass media) is provided access to official statistics before other users. Official statistics are first published in the Statistical Database. If there is also a news release, it is published simultaneously with data in the Statistical Database. Official statistics are available on the website at 8:00 a.m. on the date announced in the release calendar.

9. Frequency of dissemination The time interval at which the statistics are disseminated over a given time period.

Quarterly

10. Accessibility and clarity

10.1. News release Regular or ad-hoc press releases linked to the data.

The news release “Dwelling Price Index” once a quarter. The news release can be viewed on the website at http//www.stat.ee/news-releases.

10.2. Publications Regular or ad-hoc publications in which the data are made available to the public.

Not published

10.3. Online database Information about on-line databases in which the disseminated data can be accessed.

Data are published under subject area “Economy / Prices” in the Statistical Database at http://pub.stat.ee.

10.4. Microdata access Information on whether micro-data are also disseminated.

The dissemination of data collected for the purpose of producing official statistics is guided by the requirements provided for in § 34, § 35, § 36, § 37, § 38 of the Official Statistics Act. Access to microdata and anonymisation of microdata are regulated by Statistics Estonia’s procedure for dissemination of confidential data for scientific purposes: https://www.stat.ee/dokumendid/51669.

10.5. Other References to the most important other data dissemination done.

Not used

10.6. Documentation on methodology Descriptive text and references to methodological documents available.

Owner-Occupied Housing Price Indices. House Price Indices. Methodological manual referred to in Commission Regulation (EU) No 93/2013. Eurostat (2013)

http://ec.europa.eu/eurostat/documents/272892/272983/Methodological_manual_referred_in_Reg_93_2013.pdf

10.7. Quality documentation Documentation on procedures applied for quality management and quality assessment.

The Owner-Occupied Housing Price Index and the Dwelling Price Index are compiled based on the quality criteria specified in Article 12(1) of Regulation (EC) No 223/2009 of the European Parliament and of the Council

11. Quality management Systems and frameworks in place within an organisation to manage the quality of statistical products and processes.

11.1. Quality assurance All systematic activities implemented that can be demonstrated to provide confidence that the processes will fulfil the requirements for the statistical output.

To assure the quality of processes and products, Statistics Estonia applies the EFQM Excellence Model, the European Statistics Code of Practice and the Quality Assurance Framework of the European Statistical System (ESS QAF). Statistics Estonia is also guided by the requirements in § 7. “Principles and quality criteria of producing official statistics” of the Official Statistics Act.

11.2. Quality assessment Overall assessment of data quality, based on standard quality criteria.

Statistics Estonia performs all statistical activities according to an international model (Generic Statistical Business Process Model – GSBPM). According to the GSBPM, the final phase of statistical activities is overall evaluation using information gathered in each phase or sub-process; this information can take many forms, including feedback from users, process metadata, system metrics and suggestions from employees. This information is used to prepare the evaluation report which outlines all the quality problems related to the specific statistical activity and serves as input for improvement actions.

12. Relevance The degree to which statistical information meet current and potential needs of the users.

12.1. User needs Description of users and their respective needs with respect to the statistical data.

Ministry of Finance

Users’ suggestions and information about taking these into account are available on the website of Statistics Estonia at https://www.stat.ee/statistikatood.

12.2. User satisfaction Measures to determine user satisfaction.

Since 1996, Statistics Estonia has conducted reputation and user satisfaction surveys.

All results are available on the website at https://www.stat.ee/user-surveys.

12.3. Completeness The extent to which all statistics that are needed are available.

All required transactions of dwellings are covered.

13. Accuracy and reliability Accuracy: closeness of computations or estimates to the exact or true values that the statistics were intended to measure.
Reliability: closeness of the initial estimated value to the subsequent estimated value.

13.1. Overall accuracy Assessment of accuracy, linked to a certain data set or domain, which is summarising the various components.

Administrative data source ensures sufficient coverage and timeliness.

13.2. Sampling error That part of the difference between a population value and an estimate thereof, derived from a random sample, which is due to the fact that only a subset of the population is enumerated.

Not applicable

13.3. Non-sampling error Error in survey estimates which cannot be attributed to sampling fluctuations.

Eurostat and the national statistical institutes try to reduce non-sampling errors by continuous methodological and survey process improvements.

14. Timeliness and punctuality

14.1. Timeliness Length of time between data availability and the event or phenomenon they describe.

The data are published at the latest 85 days after the end of the reference quarter (T + 85).

14.2. Punctuality Time lag between the actual delivery of the data and the target date when it should have been delivered.

The data have been published at the time announced in the release calendar.

15. Coherence and comparability

15.1. Comparability - geographical The extent to which statistics are comparable between geographical areas.

The comparability of data between countries is considered good.

15.2. Comparability - over time The extent to which statistics are comparable or reconcilable over time.

The data are comparable over time.

15.3. Coherence - cross domain The extent to which statistics are reconcilable with those obtained through other data sources or statistical domains.

Not applicable

15.4. Coherence - internal The extent to which statistics are consistent within a given data set.

The outputs of the statistical activity are coherent. Higher-level aggregations are derived from detailed indices according to pre-defined procedures.

16. Cost and burden Cost associated with the collection and production of a statistical product and burden on respondents.

17. Data revision Any change in a value of a statistic released to the public.

17.1. Data revision - policy Policy aimed at ensuring the transparency of disseminated data, whereby preliminary data are compiled that are later revised.

The data revision policy and notification of corrections are described in the dissemination policy of Statistics Estonia at https://www.stat.ee/dissemination-policy.

17.2. Data revision - practice Information on the data revision practice.

The published data may be revised if the methodology is modified, errors are discovered, new or better data become available.

18. Statistical processing

18.1. Source data Characteristics and components of the raw statistical data used for compiling statistical aggregates.

SURVEY DATA

Dwelling price index is based on administrative data.

In addition to administrative data, the owner-occupied housing price index is based on the construction price index survey data and survey-based data (sample size 27).

ADMINISTRATIVE DATA

Dwelling transaction data are received from the Estonian Land Board.

DATA FROM OTHER STATISTICAL ACTIVITIES

Data from statistical activities 20401 “Construction Price Index”, 21401 “National accounts (annual)” and 21308 “Financial statistics of insurance enterprises (monthly)” are used.

18.2. Frequency of data collection Frequency with which the source data are collected.

Quarterly

18.3. Data collection Systematic process of gathering data for official statistics.

Administrative data are received from the Estonian Land Board by e-mail.

Statistics Estonia collects survey data by direct survey.

See also 20401 “Construction price index”.

18.4. Data validation Process of monitoring the results of data compilation and ensuring the quality of statistical results.

The input data are checked and, if necessary, specified with data source. The data are compared with the data of previous periods and other relevant sources (both internal and external).

18.5. Data compilation Operations performed on data to derive new information according to a given set of rules.

On the bases of collected data Laspeyres-type price indices are calculated. For calculating lower level indices the geometric mean of prices is used.

Microdata are aggregated to the required level.

18.6. Adjustment The set of procedures employed to modify statistical data to enable it to conform to national or international standards or to address data quality differences when compiling specific data sets.

Not applied

19. Comments Supplementary descriptive text which can be attached to data or metadata.

Not available