We know Estonia
26.6.2022 | Estonia

Average home price up 21% in the past 12 month

Text Mark Taylor
Photo Andrei Chertkov

Average home price up 21% in the past 12 month

 

According to data released by Statistics Estonia, in the first quarter of 2022, the Dwelling Price Index increased by 21 per cent compared to the same period last year. It was also up 7.1 per cent on the last quarter of 2021.

The Dwelling Price Index expresses the changes in the square metre price of dwellings purchased, and it is compiled for apartments and houses (detached, semi-detached and terraced houses). Put simply, this index expresses the average price rise (or fall) for homes in Estonia.

“Compared to the first quarter of 2021, the prices of apartments went up by 20.2% and the prices of houses by 22.8%. Compared to the fourth quarter of last year, the prices of apartments rose by 8% and the prices of houses by 5.4% in the first quarter,” explained Egne Säinast, an analyst at Statistics Estonia.

The Owner-Occupied Housing Price Index, which expresses the change in the purchase price of dwellings new to the housing market, saw a slower rise than the market as a whole. 

In the first quarter, the Owner-Occupied Housing Price Index increased by 3.7% compared to the fourth quarter of 2021, and by 13.9% compared to the first quarter of 2021.

 

 

 

To learn more about this and similar topics
Apartment Price Estonia Dwelling Price Index Egne Säinast Home Price Estonia House Price Estonia Owner-Occupied Housing Price Statistics Estonia

13.11.2024 | Estonia

The big events in Estonia between now and the New Year

The big events in Estonia between now and the New Year

01–17.11 From Forest to Table – Southern Estonian Flavours From Viljandimaa to Võrumaa restaurants all across Southern Estonia will … Read more

12.11.2024 | Estonia

Estonian tourism saw modest growth in September

Estonian tourism saw modest growth in September

In September 2024, Estonia’s accommodation establishments served 278,000 tourists—a modest 1 per cent increase from the same period last … Read more

7.11.2024 | Estonia

Neste Expands EV Charging Network with New Pääsküla Station

Neste Expands EV Charging Network with New Pääsküla Station

Neste has opened a new fast-charging station for electric vehicles in Pääsküla, on the outskirts of Tallinn. This facility … Read more

6.11.2024 | Estonia

Rail Baltic: A new era connecting Estonia and Latvia to Europe

Rail Baltic: A new era connecting Estonia and Latvia to Europe

In early November, Estonian Prime Minister Kristen Michal met his Latvian counterpart Evika Siliņa to discuss the countries’ common … Read more

3.11.2024 | Estonia

Estonian shops suffering due to continued decline in sales

Estonian shops suffering due to continued decline in sales

According to data released by Statistics Estonia, retail trade turnover in Estonia fell to 839 million euros in September … Read more

31.10.2024 | Estonia

Tartu residents are keen users of rental bikes

Tartu residents are keen users of rental bikes

Estonians are known as passionate cyclists, and the statistics show they are some of the most passionate users in … Read more

31.10.2024 | Estonia

Export aid to be introduced for Estonian companies

Export aid to be introduced for Estonian companies

A meeting of the Estonian government has approved a proposal by Minister of Economy and Industry Erkki Keldo to … Read more

27.10.2024 | Estonia

Manufacturers in Estonia seeing lower prices: Maybe consumers are next?

Manufacturers in Estonia seeing lower prices: Maybe consumers are next?

The Producer Price Index, which expresses changes in the price of goods manufactured in Estonia for the domestic market … Read more