Market Value for Households Real Estate
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This is the first publication of the households’ assets in real estate on individual level. The purpose is to follow the development of the households’ real estate. Sector delimitation of units in the sector of households is defined in European system of national accounts (ESA2010). From this it appears that sole proprietorships are a part of the households’ sector. Registers on individual level can be used for distribution analyses, e.g. in relation to income, financial liabilities or socioeconomic status.
The statistics provides closing values for each year. The household’s real estate consisting of owner occupied dwellings and co-operative dwellings. All figures are reported in current prices.
Data from the various registers are merged through property identification and personal identification. There are made classifications, aggregations and calculation of the market value. For publication there is added relevant background information about the families.
The statistic has a lot of interested parties including ministries, politicians, organizations and the press..
Accuracy and reliability
The adjustment factor is the same within a geographic area, even though the actual sales value can vary a lot due to e.g. differences in the location of the owner-occupied dwellings (amenity), which are not reflected completely in the official real estate valuations. The preliminary year are dependent primarily on sales data for real estate. When the final year are calculated all of the sources are available. Experience from 2019 and 2020 shows that the preliminary year tends to underestimate the total market value of the final year.
Timeliness and punctuality
The statistics i published with preliminary figures in march, 3 months after the reference date. Final figures is published a year later. One year and 3 months after the reference date.
The statistic is consistent over time. However, one must be aware that the figures are calculated at current prices. There is no knowledge of any individual based register of household wealth in real estate, which is comparable to the Danish. Figures for total household wealth in real estate are also published in the statistics concerning financial national accounts which is published in June and November.