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.
Statistics Denmark has established an individual-based register with market values of the households’ real estate. The household’s real estate consisting of owner occupied dwellings and co-operative dwellings. The calculation of the market value of real estate is based on actual sales on the market. All figures are reported in current prices. The valuation of households’ assets in real estate covers the period since 2004.
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..
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 statistics are published for the first time in June 2015 with figures from 2004 to 2015. It is expected to publish final figures for 2014 in January 2016. Afterwards it is expected to publish final figures for household wealth in real estate each year in December. An earlier estimate is available in the spring.
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.
These statistics are published in a Danish press release and in the StatBank under Real estate.