Definition: Owner-occupied housing

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".
Source:
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Manual on Purchasing Power Parities", Publications Office of the European Union, Luxembourg, 2012
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