Definition: Owner-occupied housing

Category: Purchasing power parities

Dwellings owned by the households that live in them. Owner-occupiers use the dwellings to produce housing services for themselves. The imputed rents of these housing services should be valued at the estimated rent that a tenant pays for a dwelling of the same size and quality in a comparable location with similar neighbourhood amenities. When markets for rented accommodation are virtually non-existent or unrepresentative, the value of imputed rents has to be derived by some other objective procedure such as the "user-cost method". http://ec.europa.eu/eurostat/product?code=KS-RA-12-023&mode=view