1. Output price index newly built dwellings Presentation for the 3rd meeting of the Task Force on price and volume measures for service activities, Luxemburg, October Leendert Hoven

2. Contents
What kind of information is available (for example from building permits)?
Output price index for non-residential buildings

3. Monthly survey on building permits
Respondents: all municipalities
Buildings: all buildings with construction costs (ex. VAT) > €
Information asked
Type of building
Residential (“normal” dwelling, recreation dwelling, housing unit);
Non-residential (office, school, shop, stable,……)
Nr. of dwellings in the project
Type of commissioning party
Government and housing corporations
Commercial developers and corporate investors
Private persons and others

4. Information asked (continued)
Month when construction begins
Gross volume in m3
Gross floorspace in m2
Address/Postal area code
Construction costs ex. VAT, ex. costs of land, interior, fees of architects & surveillance, taxes.
Construction time
Owner occupied/Rental

5. Measure of urban density

6. Type of soil: 5 variables
Sand, Wadden sea, hills, dunes
Fen land
River areas
Sea clay soil
Tidal areas, Zeeland and enclosed sea inlets

7. Output price index for non-residential buildings
Method used:
Hedonic approach (time dummy with 5-year moving window);
differs from characteristics price index method that is used for residential buildings

8. Seperate model estimated for each of the following building types
Halls & sheds
Office buildings
Company halls with office
Greenhouses
Barns & stables
Shops
Schools
Industrial buildings
Other buildings

9. Variables used Volume in m3 Floorspace in m2 Dummies for type of soil
Dummies for urban density