Statistical presentation

Data description

The statistic is used in calculating sub-indices in the consumer price index, the index of net retail prices and the harmonized index of consumer prices (HICP). Development in rent is used as an indicator for price development for rented dwellings and for regulating (indexation) rent contracts. The average development in rent before rent subsidies is used for the consumer price index and the average development in rent after rent subsidies is used for the index of net retail prices with the rent subsidies deducted.

The rent survey is 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 Landsbyggefonden and thus covers the entire population of social rental housing. Privately owned rented dwellings are covered by a sample of approx. 110,000 (only approx. 85,000 for 1. quarter of 2022) dwellings out of a population of approx. 500,000 privately owned rented dwellings. Cooperative dwellings are covered by a yearly 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 approx.. 10 per cent..

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. The average development in rents after rent subsidies is compiled in the same way but with a deduction of the average subsidy.

Classification system

None.

Is placed in group 04.1-2 "Rents" according to ECOICOP (European Classification of Individual Consumption According to Purpose) in the consumer price index, in the price index of net retail prices and the harmonized index of consumer prices (HICP).

Sector coverage

The rental sector.

Statistical concepts and definitions

Index of Development in rents: Explanations of other concepts regarding index calculations can be found in the documentation (in Danish) at the following link: Index calculations.

Rented Dwelling: The population consists of rented flats and houses and cooperative housing. The survey concerns the rent for a particular dwelling.

Statistical unit

Rental housing rented out to households and cooperative dwellings.

Statistical population

All dwellings rented by private households in Denmark and cooperative dwellings.

Reference area

Denmark.

Time coverage

2000-

Base period

2015=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.

There are no European Union regulations relating to the development in rents (housing).

Cost and burden

The response burden is estimated to 190 hours eller 0.05 mill. Dkr.

Comment

Other information is not available.