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

15.8.2022 | Estonia

Foreigners living in Estonia are increasingly more highly educated than locals

Foreigners living in Estonia are increasingly more highly educated than locals

In a recent blog post by Statistics Estonia analysts Triinu Aug and Mirjam Jesmin. A deep dive into the … Read more

15.8.2022 | Estonia

Temperatures expected to hit 30°C this week

Temperatures expected to hit 30°C this week

The Estonian Weather Service has forecast temperatures of between 28-31°C all this week. As a result, the weather agency … Read more

14.8.2022 | Estonia

Over 50,000 Ukrainian refugees now in Estonia

Over 50,000 Ukrainian refugees now in Estonia

According to statistics from the Social Insurance Board, 50,347 refugees from Ukraine are now residing in Estonia. Since the … Read more

12.8.2022 | Estonia

Paide Opinion Festival begins today

Paide Opinion Festival begins today

Today sees the beginning of the 2-day Paide Arvamusfestival (Opinion Festival). The festival, which is celebrating its 10th edition, … Read more

11.8.2022 | Estonia

Estonia’s tax revenues up 16% in first half of 2022

Estonia’s tax revenues up 16% in first half of 2022

In the first half of 2022, Estonia’s tax revenues rose by 15.9 per cent to 5.62 billion euros. In … Read more

10.8.2022 | Estonia

Foreign tourists spent €320 million in Estonia in the second quarter of 2022

Foreign tourists spent €320 million in Estonia in the second quarter of 2022

According to data from Eesti Bank, foreign tourists spent a total of €320 million euros in Estonia in the … Read more

10.8.2022 | Estonia

How to travel easily and comfortably in Tallinn

How to travel easily and comfortably in Tallinn

Visitor to Tallinn are increasingly heading out of the Old Town and the city centre to visit the many … Read more

9.8.2022 | Estonia

Trade up in June, despite imports from Russia and Belarus being down

Trade up in June, despite imports from Russia and Belarus being down

According to Statistics Estonia, in June 2022, Estonia’s exports of goods increased by 26% and imports by 24% compared … Read more