Index of real estate maintenance costs: documentation of statistics
The documentation of the statistics describes how the statistics were compiled and what methods were used in the compilation. The data help interpret the figures of the statistics and evaluate their reliability and comparability. The quality report is based on the EU's SIMS model. The documentation also contains change releases describing changes in the statistics and possible specifying methodological descriptions.
If you are looking for statistical figures for these statistics, go to the statistics page: Index of real estate maintenance costs
Quality report
Data description (SIMS 3.1)
The index of real estate maintenance costs describes average development in the prices of diverse cost items of real estate maintenance in the whole country, including administration, use and maintenance, upkeep of outdoor areas, cleaning, heating, water supply and sewage, electricity, waste management, insurance against loss or damage, and running maintenance. The index describes how much the real estate’s maintenance costs have risen from the base period when no changes have taken place in the demand of the maintenance cost items.
Concepts and definitions (SIMS 3.4)
Capital cost
Capital costs refer to the costs of capital tied to real estate, comprising interests and calculated depreciations. The interest is comprised of the return requirement set on tied capital. Capital costs include costs relating to the purchase and ownership of real estate, and costs relating to encumbrances or statutory obligations.
Consumable
When a piece of real estate is used, materials and supplies are consumed, such as water and electricity, and these are referred to as consumables.
Index real estate
An index estate is a real estate included in the index from whose weighted averages an overall index is calculated. The types of index real estates in the index of real estate maintenance costs are residential block of flats, commercial building, office building, health centre, school building and industrial building. A separate index of real estate maintenance costs is calculated for single-family houses.
Maintenance cost
Maintenance costs include expenditure arising from the management and maintenance of real estate, such as all its service, electricity, heating, water consumption and waste management costs.
Real estate
A real estate is a unit of ownership in a land or water area entered as real estate in the real estate register. Buildings and fixtures owned by the owner of a real estate and located on it belong to the real estate.
Real estate maintenance
Real estate maintenance refers to activity aimed at the preservation of the condition, value and properties of a real estate (Glossary of real estate activity).
Subcontracting
In the index of real estate maintenance costs, subcontracting refers to maintenance services purchased from a third party.
Institutional mandate (SIMS 6)
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Quality assurance (SIMS 11.1)
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Release calendar (SIMS 8.1)
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User access (SIMS 8.3)
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Confidentiality - policy (SIMS 7.1)
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