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Breadcrumb

  1. Home
  2. Methodology and quality
  3. ESMS metadata
  4. Transactions in real estate (until 2016)

Transactions in real estate (until 2016)

1. Contact
1.1. Contact organisation

Statistics Estonia

1.2. Contact organisation unit

Enterprise and Agricultural Statistics Department

1.3. Contact name

Jaanika Tiido

1.4. Contact person function

Senior Statistician

1.5. Contact mail address

51 Tatari Str, 10134 Tallinn, Estonia

1.6. Contact email address

jaanika.tiido [at] stat.ee

1.7. Contact phone number

+372 625 8422

2. Metadata update
2.1. Metadata last certified

23/03/2016

2.2. Metadata last update

23/03/2016

3. Statistical presentation
3.1. Data description

Annual data: notarised purchase-sale transactions of real estate by type of object and region.

Quarterly data: notarised purchase-sale contracts of real estate by type; notarised purchase-sale transactions of real estate and right of superficies by object and location of the object; purchase-sale contracts of dwellings by location and size.

Monthly data: interest rate of housing loans granted to households.

3.2. Classification system

Classification of Estonian administrative units and settlements (EHAK)

3.3. Sector coverage

All purchase-sale contracts of real estate and contracts with rights of superficies.

3.4. Statistical concepts and definitions

Purchase-sale contract of real estate – a purchase-sale contract, the object of which is recorded in the Land Register. This includes:

- purchase-sale contracts of unimproved registered immovables, the object of which is only a plot of land;

- purchase-sale contracts of registered immovables with buildings, the object of which is a plot of land with existing buildings or with buildings under construction.

Right of superficies – a right to encumber the immovable in such a way that the person for whose benefit a right of superficies is constituted has a transferable and inheritable right for a specified term to own a construction permanently attached to the immovable. Only one right of superficies may be established on an immovable.

3.5. Statistical unit

Purchase transaction

Sale transaction

3.6. Statistical population

Notarised purchase-sale transactions of real estate and right of superficies

FRAME

Purchase-sale transactions of real estate and right of superficies registered in the Land Board’s transactions database

3.7. Reference area

Estonia as a whole

Counties and towns (Tallinn, Tartu, Pärnu)

3.8. Time coverage

2008–…

3.9. Base period

Not applicable.

4. Unit of measure

Contracts – number

Total value of contacts – million euros

Average price per square metre – euro

5. Reference period

Quarter

6. Institutional mandate
6.1. Legal acts and other agreements

DIRECTLY APPLICABLE LEGAL ACT

Not available.

OTHER LEGAL ACTS

Official Statistics Act

OTHER AGREEMENTS

Not available.

7. Confidentiality
7.1. Confidentiality - policy

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

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

8. Release policy
8.1. Release calendar

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

8.2. Release calendar access

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

8.3. User access

All users have been granted an equal access to official statistics: this means that the dissemination dates of official statistics have to be announced in advance and no user category (incl. Eurostat, state authorities and mass media) can have access to the official statistics (results of official statistical surveys) before other users. Statistical information is first published in the Statistical Database. In case a news release is published based on the same data, the information provided in the relevant news release is simultaneously published 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

Quarter

Year (regional statistics)

10. Accessibility and clarity
10.1. News release

Not published.

10.2. Publications

„Eesti statistika aastaraamat. Statistical Yearbook of Estonia”

10.3. Online database

Data are published under the heading „Economy/ Real estate” in the Statistical Database in http://pub.stat.ee.

10.4. Microdata access

Not applicable.

10.5. Other

Data serve as input for statistical activities 50101 „Estonian regional development” and 50104 „Urban Audit”.

10.6. Documentation on methodology

Descriptions of queries in the Estonian Land Board's statistical database on real estate transactions

http://www.maaamet.ee/index.php?lang_id=2&page_id=453&no_cache=1389189205

10.7. Quality documentation

Not available.

11. Quality management
11.1. Quality assurance

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

11.2. Quality assessment

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 includes, among other things, 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
12.1. User needs

Ministry of the Environment

Ministry of Economic Affairs and Communications

Ministry of Finance

Users’ suggestions and information about taking them into account are available on the SE website http://www.stat.ee/tooplaan.

12.2. User satisfaction

Since 1996 Statistics Estonia conducts reputation surveys and user surveys.

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

12.3. Completeness

In compliance with the rules (regulations).

13. Accuracy and reliability
13.1. Overall accuracy

The type of survey and the data collection methods ensure sufficient coverage and timeliness.

13.2. Sampling error

Not applicable.

13.3. Non-sampling error

Not measured.

14. Timeliness and punctuality
14.1. Timeliness

The data are released 42 days upon the end of the reference quarter (T+42).

14.2. Punctuality

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

15. Coherence and comparability
15.1. Comparability - geographical

The data are nationally comparable.

15.2. Comparability - over time

The data are comparable across time.

15.3. Coherence - cross domain

Not applicable.

15.4. Coherence - internal

The outputs of the statistical activity are coherent.

16. Cost and burden

–

17. Data revision
17.1. Data revision - policy

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

17.2. Data revision - practice

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

The data for the previous year may be revised when the data for the first quarter are published.

18. Statistical processing
18.1. Source data

SURVEY DATA

Not used.

ADMINISTRATIVE DATA

The following data are received from the transactions database of the Estonian Land Board: number and total value of purchase-sale contracts of real estate by type of object (unimproved registered immovables, registered immovables with buildings, apartments); contracts on right of superficies; average price per square meter and average floor area of apartments.

DATA FROM OTHER STATISTICAL ACTIVITIES

Not used.

18.2. Frequency of data collection

Quarter

18.3. Data collection

The data of real estate transactions are gained from the website of transactions database of the Estonian Land Board.

The interest rates of housing loans is based on the data received from the website of the Bank of Estonia.

18.4. Data validation

The data are validated by the data administrator.

18.5. Data compilation

The indicators to be published are calculated on the basis of the collected data.

18.6. Adjustment

Trend-cycle series is estimated.

19. Comments

Not available.

Contacts

+372 625 9300
stat [at] stat.ee
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