Statistical definitions of Real estate statistics

 

I. Basic definition (Coverage – sector, area)

Real estate price statistics represent a set of information on absolute prices and price indices of residential real estate and building land. Statistics are used for administrative and analytical purposes. The definition of statistics is mainly based on relevant EU regulations, general concepts of price statistics and national accounts.

The statistics covers the following data domains:

- owner-occupied housing statistics (satellite statistics of the consumer price index)

- price indices of residential real estate and building plots

- absolute prices of residential real estate and building plots

Further breakdown corresponds to the possibilities of various data sources.


II
. Data source 

1.       Statistical surveys

-          Newly built apartments – annual report Ceny NB 1-04

-          Second-hand dwellings  – Direct survey (price collectors)

-          Price survey on Internet

2.       Administrative data sources 

Administrative data from Cadastre
 

III. Delineation of statistical population and sample, grossing up and estimation of the non-treated part of the population (if relevant)  

Sample survey


IV. Overview of main published indicators

Price indices and absolute prices of residential properties and building plots


V. Data revision policy - corrections, revisions, estimation procedures

Price indices are revised (corrected) when published in the following period.


VI. Comparability

1.       Comparability over time

Complete

2.       Comparability with other outputs

Outputs are comparable with statistics coming from the same data sources.

3.       International comparability

The House Price Index (HPI) and Owner Occupied Housing Price Index (OOHPI) are internationally comparable within the EU


VII. Seasonal Adjustment (if relevant)

Not relevant


VIII. Dissemination (description of the publication system, references to Eurostat outputs or national outputs may be provided)

CZSO website.

HPI and  OOH: House Price Index

Indices of realized older and new flat prices: Indices of realized flat prices

Prices of Observed Types of Real Estate (the publication was cancelled in 2020): Prices of Observed Types of Real Estate - 2017–2019

Offer prices of flats: Ceny bytů (only in Czech language)

Price index based on Cadastre data: Real Estate Price Indices - time series (only in Czech language)

On December 30, 2022, a new publication on Real estate prices - 2019–2021 was published (only in Czech language)


EUROSTAT website

https://ec.europa.eu/eurostat/web/main/data/database

Database by themes/Economy and finance/Prices/Housing price and sales statistics


IX. Additional methodological information and external references

Prices of Real Estate

Methodological notes: House Price Index

New Flats – Methodology of Calculation of Index of Realized Prices: Indices of realized flat prices

Second-hand Flats – Methodology of Calculation of Index of Realized Prices: Indices of realized flat prices

Introduction : Prices of Observed Types of Real Estate - 2017–2019