Statistical presentation

Data description

The Rent indices for housing is a measure or indicator for the price development for rented dwellings. The rent indices are based on a sample of privately owned rented dwellings, social rental housing and cooperative dwellings. The rent development for the social rental housing is based on administrative data from The National Building Fund (Landsbyggefonden) and thus covers the entire population of social rental housing. Privately owned rented dwellings is covered by a sample of approx. 110.000 dwellings out of a population of approx. 500.000 privately owned rented dwellings. Cooperative dwellings is covered by a sample of approx. 600 dwellings. Social rental housing and private rental housing each amount to almost half of the total rental housing market whereas cooperative dwellings account for approximately 10 percent. The annually price development is compiled as a ratio between the average rent of the respective year and the average rent of the previous year for dwellings with a rent in both periods.

Classification system

These statistics are grouped by region and by category of real property, i.e.:

• Privately owned housing
• Social housing
• Cooperative housing

Sector coverage

Not relevant for these statistics.

Statistical concepts and definitions

Price index: A price index is used to track relative price changes. The price index measure average price changes between two time periods by comparing the price index in the two periods.

Base period: A base period serves as a benchmark for future periods, allowing for a reference point for comparison over time. When compiling indices, the base period is typiacally set to an arbitrary level equal to 100. This makes it easy to calculate a percentage change over time.

Index reference period: The period in which the chained price index is scaled to 100. Typically, the index reference period is for one year. The index reference period affects not only the calculated change in the price index (when one disregards rounding differences in the published index).

Chained index: A chained index measures the change in prices in a collection of price indices for multiple periods, where the calculation of each price index (“link”) contains different baskets of goods. Each “link” in a chained index has in addition to the specific basket of goods (and weights) contain its own price reference period, where each new basket of goods (and weights) is used.

Statistical unit

Rental housing rented out to households and cooperative dwellings.

Statistical population

Rented dwellings in Denmark.

Reference area

Denmark.

Time coverage

These statistics cover the time period from 2021 and onwards.

Base period

2021=100

Unit of measure

Index values and percentage changes.

Reference period

The statistics describe the price development for the rents in January, April, July and October.

Frequency of dissemination

Quarterly.

Legal acts and other agreements

The consumer price index is compiled in pursuance of section 8 of the Act on Statistics Denmark and Consolidated Act on calculation of an index of net retail prices.

Eurostat is developing commercial real estate indicators (CREI), including rental indices for residential rental units, which is expected to result in a regulation.

Cost and burden

There are no data collection for social housing and privately owned dwellings, since data for those part are received from The National Building Fund (Landsbyggefonden) and The Danish Property Federation respectively. For cooperative housing we have a yearly data collection of approximately 600 dwellings.

Comment

For further information please contact Statistics Denmark directly.