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Data Change: Finland subnational - HPI - Rebased to 2015
Monday, 22 Oct 2018 13:02 ET
By Kelli Johnson
Summary
May 2018 -- For the house price index variants for NUTS 3 areas of Finland, concurrent with dissemination of results for 2017Q4, the source has advanced the base period from 2010 to 2015 (190 quarterly series 1988 to 2017, replaced by 190 from 1988).
Detail

On 2 May 2018, the source wrote (citation):

The statistics on prices of dwellings in housing companies have been revised. The revision concerns monthly and quarterly statistics on old dwellings in housing companies. In connection with the revision, the statistical model used in the index calculations, price review procedures, weight structure and classifications have been updated. The new base year of the statistics is 2015.

Retrospective time series starting from 2015 have been produced for both the monthly and quarterly indices based on the new calculation method. These series differ to some extent from the previously published indices for the respective time periods. Differences occur particularly in areas where the number of observations is low. For the whole country, the differences are small.

In response, we have:

  1. Renamed the value and volume index (2010=100) with an "_10" specifier, and segregated the concepts in the catalog. These series will remain active as the source continues to report them.
  2. Archived the remaining five concepts (2010Q1 to 2017Q4) by renaming with an "_10" specifier, marking metadata as "discontinued", and segregating in the catalog.
  3. Created one-for-one replacements (2015=100).
  4. Standardized metadata on the active series.
  5. Back-extended the reported series (value and volume indexes, areal price) prior to 2015Q1, to as early as 1988Q1.
  6. Created parallel seasonally adjusted supplements.
  7. Identified and deleted two redundant series.

Dataset properties:

  • Measurements:
    • Fixed-base value (Index 2015=100) and volume indexes relative to 2015 (Vol. Index 2015=100)
    • Moving-base quarter-over-quarter value and volume indexes (Index prv. per.=100, etc.)
    • Moving-base year-over-year value and volume indexes (Index CPPY=100, etc.)
    • Areal price in euros per square meter (EUR per mˆ2)
  • Adjustment: Not seasonally adjusted (NSA)
  • Geo coverage: Country and all 18 NUTS 3 areas
  • Native frequency: Quarterly
  • Start date: Between 1988Q1 and 2015Q1
  • Lag: One month after the end of the reference period
  • Subject to revisions: Yes

The series reside in the historical catalog (Finland » Real Estate » Residential » Areal price | House price index) and include, for example:

  • HPLXUUQ.IFIN        = All house types total, (EUR per mˆ2, NSA)
  • HPIXUYUQ.IFIN       = All house types, (Index corr. per. prv. yr.=100, NSA)
  • HPJXUQUQ.IFIN       = All house types, (Vol. Index prv. per.=100, NSA)
  • HPIXUUQ.IFIN_LPP    = All house types total, (Index 2015=100, NSA) - for Lapland
  • HPJXUAQ.IFIN_SKT    = All house types total, (Vol. Index 2015=100, SA) - for Satakunta
  • HPIXU_10UQ.IFIN_KAI = All house types total, (Index 2010=100, NSA) - for Kainuu

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

During this operation we identified and deleted two redundant series (2005 to 2016). The pairs are (deleted » retained):

  • HPIXU_005UQ.IFIN_HEU » HPIXU_05UQ.IFIN_HEU
  • HPJXU_005UQ.IFIN_KAH » HPJXU_05UQ.IFIN_KAH

References

See also

Other
Related ReleasePrices of dwellings in housing companies [HPI]
SourceStatistics Finland
FrequencyQuarterly
GeographyFinland
Catalog
Upcoming
Release DateReference date
03 May 20241Q 2024