Eurostat

Experimental House Price Index for the Euro area and the EU for the period 2005 Q1 until 2012 Q2

The House Price Index (HPI) measures inflation in the residential property market. The HPI captures price changes of all kinds of residential property purchased by households (flats, detached houses, terraced houses, etc.), both new and existing. Only market prices are considered, self-build dwellings are therefore excluded. The land component of the residential property is included. These indices are the result of the work that National Statistical Institutes (NSIs) have been doing mostly within the framework of the Owner-Occupied Housing (OOH) pilot project coordinated by Eurostat. HPI is available for EU Member States, Iceland and Norway. In addition to the individual country series Eurostat produces indices for the euro area and for the EU. The national HPIs are produced by NSIs, while the European aggregates are computed by Eurostat, by aggregating the national indices. The data released quarterly on Eurostat's website include price indices themselves as well as their rates of change compared to the same quarter of the previous year. House Sales cover the total value of dwellings transactions at national level (both houses and flats) where the purchaser is a household. House Sales indicators complement the data on the HPI in order to offer a more comprehensive picture of the housing market. At this moment Eurostat is publishing the annual index for the value of housing transactions and the annual rate of change.

The House Price Index (HPI) measures price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both new and existing, independently of their final use and their previous owners. Only market prices are considered, self-build dwellings are therefore excluded. The land component is included.

Owners occupiers are those households that live in a dwelling (flat, house) that they own. Owner occupier's housing expenditures represent those expenditures incurred by owners occupiers when purchasing, maintaining and living in their own home. The Owner-Occupied Housing Price Index (OOHPI) measures the change over time in the transaction prices of dwellings that were purchased for own-use and the cost of all goods and services that households purchase in their role as owners occupiers of dwellings (see classification below). As the index is based on the net acquisitions approach, only purchased dwellings that are new to the household sector are covered, while transactions between households are excluded (see section 3.4 Statistical concepts and definitions) . These indices are the result of the work that National Statistical Institutes (NSIs) have been doing since 2001 within the framework of the Owner-Occupied Housing (OOH) pilot project coordinated by Eurostat. OOHPIs are available for 26 EU Member States, plus Iceland and Norway (published for 27 countries). The data that is released quarterly on Eurostat's website include price indices themselves as well as their rates of change compared to the previous quarter (Qt-1) and the same quarter of the previous year (Qt-4).

Owners occupiers are those households that live in a dwelling (flat, house) that they own. Owner occupier's housing expenditures represent those expenditures incurred by owners occupiers when purchasing, maintaining and living in their own home. The Owner-Occupied Housing Price Index (OOHPI) measures the change over time in the transaction prices of dwellings that were purchased for own-use and the cost of all goods and services that households purchase in their role as owners occupiers of dwellings (see classification below). As the index is based on the net acquisitions approach, only purchased dwellings that are new to the household sector are covered, while transactions between households are excluded (see section 3.4 Statistical concepts and definitions) . These indices are the result of the work that National Statistical Institutes (NSIs) have been doing since 2001 within the framework of the Owner-Occupied Housing (OOH) pilot project coordinated by Eurostat. OOHPIs are available for 26 EU Member States, plus Iceland and Norway (published for 27 countries). The data that is released quarterly on Eurostat's website include price indices themselves as well as their rates of change compared to the previous quarter (Qt-1) and the same quarter of the previous year (Qt-4).

Owners occupiers are those households that live in a dwelling (flat, house) that they own. Owner occupier's housing expenditures represent those expenditures incurred by owners occupiers when purchasing, maintaining and living in their own home. The Owner-Occupied Housing Price Index (OOHPI) measures the change over time in the transaction prices of dwellings that were purchased for own-use and the cost of all goods and services that households purchase in their role as owners occupiers of dwellings (see classification below). As the index is based on the net acquisitions approach, only purchased dwellings that are new to the household sector are covered, while transactions between households are excluded (see section 3.4 Statistical concepts and definitions) . These indices are the result of the work that National Statistical Institutes (NSIs) have been doing since 2001 within the framework of the Owner-Occupied Housing (OOH) pilot project coordinated by Eurostat. OOHPIs are available for 26 EU Member States, plus Iceland and Norway (published for 27 countries). The data that is released quarterly on Eurostat's website include price indices themselves as well as their rates of change compared to the previous quarter (Qt-1) and the same quarter of the previous year (Qt-4).