Statistical presentation

Data description

The statistics for cooperative housing monitors the price development in the property value of the cooperative housing units using and index and other key figures.

The price index monitors the price development for the physical cooperative housing unit for which a shareholder obtains the right of use, and not the the price development for the price share certificate itself. The price index is, a far as possible, cleaned of effects of the fact that the cooperative housing associations may have different yearly rents and that some associations may contain private housing as well. Furthermore, the price index is corrected for changes in the value the individual cooperative housing unit due to e.g. home improvements or improper maintenance which is not reflected in the total property value. The index is further corrected for effects of changes the valuation method.

The remaining key figures contain the distribution of valuations principles for the calculation of the value of the cooperative housing unit based on the traded unit as a percentage.

Classification system

Until further notice, the statistics is compiled on the national level for all cooperative housing units. I.e. there is no geographical stratification or stratification by housing type available.

The remaining key figures contain the distribution of valuations principles for the calculation of the value of the cooperative housing unit based on the traded unit as a percentage. The principles are as follows: - Public property assessment - Market value as assessed by an appraiser - Acquisition price - Undisclosed

Sector coverage

Not relevant for these statistics.

Statistical concepts and definitions

Dwelling in housing cooperatives: The dwelling that you, as a cooperative owner, have the right to use as a member of a cooperative housing association.

Acquisition price: The whole properties owned by the housing cooperative are valued as the price the housing cooperative paid the for property at the time of foundation. Added to this are improvements on the property. The principle is primarily used for new properties , where the value of the property has not yet increased and where the acquisition price is an expression of the market value as a rental property.

Public property assessment: The whole properties owned by the cooperative housing association are valued according to the most recently used public property assessment according to the principles set out by the Tax Authorities. The public property assessment has not been updated since 2012 and they will no longer be updated.

Market value as assessed by an appraiser: The whole properties owned by the cooperative housing association are valued at the market value as assessed by a real estate appraiser. An appraiser is a real estate agent who is specially trained in this field. The housing cooperative must pay for this valuation.

Statistical unit

The statistical unit is a cooperative housing unit.

Statistical population

The statistics includes all traded cooperative housing units that have been registered through andelsboliginfo.dk in accordance with the key information form.

Reference area

Denmark.

Time coverage

The statistics covers the period 2015- to the present.

Base period

For figures that are published as an index, the index reference period is 2015 = 100.

Unit of measure

Index and percentage.

Reference period

The date (quarter) for the board approval of the sale or the date of signature of the transfer agreement if there is no board approval.

Frequency of dissemination

Quarterly.

Legal acts and other agreements

According to the promulgation of the obligation to provide information connected to the sale of cooperative housing units etc. and of the obligation of the board to provide a form filled out with central key figures. By this promulgation it has been made mandatory to report the sales prices and characteristics of the cooperative housing units. The purpose is for Statistics Denmark to be able to fulfill the demands put forward in the EU regulation (nr. 2016/792).

Cost and burden

The burden of reporting the data for the reporting units is 0.5 million DKK.

Comment

Additional information can be requested by contacting Statistics Denmark or on the website of Sales of Real Estate Property.