Analytics, Estonia, Real Estate, Statistics
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 20:50
In Q1, Dwelling Price Index increased by 11.5% in Estonia
According to Egne
Säinast, analyst at Statistics Estonia, the prices of apartments increased
by 11.3% and the prices of houses by 11.7% compared to the 1st quarter of 2019.
“The prices of apartments in Tallinn increased the most – by 12.1%. Prices
increased by 8.9% in areas bordering Tallinn with Tartu and Pärnu cities and by
12% in the rest of Estonia,” added Säinast.
The Dwelling Price Index expresses the changes in the square metre prices
of transactions made by households for the purchase of dwellings and it is
compiled for apartments and houses (detached, semi-detached and terraced
houses).
In the 1st quarter of 2020, the Owner-Occupied Housing Price Index
increased by 8.6% compared to the 1st quarter of 2019.
The Owner-Occupied Housing Price Index expresses the changes in the prices
of the acquisition of dwellings new to the household sector and other goods and
services that households purchase in their role as owner-occupiers. The index
consists of the acquisition of dwellings, other services related to the
acquisition of dwellings, major repairs and maintenance, and insurance
connected with dwellings.
The main representative of public interest for the Dwelling Price Index and
Owner-Occupied Housing Price Index is the Ministry of Finance commissioned by
whom Statistics Estonia collects and analyses the data necessary for conducting
the statistical activity. The data help to get an overview of the situation in
Estonia, allowing ministries to make informed decisions.
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