Sales of housing cooperatives

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Prices and Consumption, Economic Statistics
Jakob Holmgaard
+45 24 87 64 56

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Sales of housing cooperatives 2022

The purpose of the statistics for cooperative housing is to monitor the price development in the property value of the cooperative housing units traded. The statistics has been produced since November 2023 and covers the period from 2015Q1 and onwards and it is comparable throughout the entire period.

Statistical presentation

The statistics for cooperative housing is a quarterly price index for the property value of the cooperative housing units traded. The statistics contains price indices to describe the price development over time and numbers for the use of different valuation principles. The statistics includes all traded cooperative housing units that have been registered through andelsboliginfo.dk. This registration has been mandatory for the cooperative housing associations since June 1st 2021.

Statistical processing

Key figures on cooperative housing associations and cooperative housing units are reported to Statistics Denmark through andelsboliginfo.dk on a quarterly basis. The collected data is validated by Statistics Denmark and enriched with data from the Danish Buildings and Dwellings Register which is altså validated. Finally, price indices and the distribution of valuation principles are calculated.

Relevance

Cooperative housing units constitutes 8 pct. of all housing units in Denmark and there are more than 210.000 cooperative housing units nationally. More than a third of apartment buildings in Copenhagen are cooperative housing which is a larger share than for the owner-occupied housing. The price development on the cooperative housing market is thus highly influential on the prices for the remaining housing market.

Accuracy and reliability

The precision of the calculated price development depends on the hedonic regression which ensures the quality correction of the cooperative housing units sold and on the collected data. The development in the choice of valuation principles in the data from 2015 and onwards is assessed to be fairly accurate.

The statistics for cooperative housing is based on information from andelboliginfo.dk which is a register of sold cooperative housing in Denmark. Thus, the reliability of the preliminary figures is assessed to be acceptable.

Timeliness and punctuality

The statistics on cooperative housing publishes preliminary quarterly figures two months after the end of the reference period. It has not been decided when the figures are final. The statistics on cooperative housing is published without delay with regards to the planned publications.

Comparability

Comparable house sales statistics for all EU member states can be found on the Eurostats website where figures are published around 100 days after the end of a quarter (reference period).

Accessibility and clarity

The statistics for cooperative housing is published on a quarterly basis in the Statbank and yearly in Nyt fra Danmarks Statistik along with the publication of the 4th quarter.