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

23.9.2022 | Estonia

The rapid rise in property prices continued in the second quarter of 2022

The rapid rise in property prices continued in the second quarter of 2022

According to Statistics Estonia, in the second quarter of 2022, the Dwelling Price Index increased by 8% compared with … Read more

22.9.2022 | Estonia

10% fewer cars on the road in Tallinn due to high fuel prices

10% fewer cars on the road in Tallinn due to high fuel prices

Tallinn City Council has stated that high fuel prices and inflation are influencing drivers to give up using their … Read more

21.9.2022 | Estonia

Tomorrow is a day to remember rescue animals – Estonian Society for the Protection of Animals

Tomorrow is a day to remember rescue animals – Estonian Society for the Protection of Animals

The Estonian Society for the Protection of Animals (ELS) invites all animal lovers around the world to join on … Read more

21.9.2022 | Estonia

Tallinn Airport has opened a new waiting area for customers of low-cost airlines

Tallinn Airport has opened a new waiting area for customers of low-cost airlines

In connection with the expansion of the Tallinn Airport terminal, a new waiting area was completed on the ground … Read more

20.9.2022 | Estonia

Industrial Producer Price Index up 28.3% in August

Industrial Producer Price Index up 28.3% in August

The Industrial Producer Price Index, which expresses changes in the producer prices of industrial goods manufactured in Estonia rose … Read more

20.9.2022 | Estonia

Tickets for Tallinn Fashion Week have gone on sale

Tickets for Tallinn Fashion Week have gone on sale

Tickets for Tallinn Fashion Week – the most important event in the Estonian fashion calendar – have gone on … Read more

19.9.2022 | Estonia

Estonia and Sweden present report on future closer cooperation

Estonia and Sweden present report on future closer cooperation

On September 7, a report on future cooperation between Estonia and Sweden was published. In it, four main areas … Read more

19.9.2022 | Estonia

Night buses could be introduced in Tallinn in the New Year

Night buses could be introduced in Tallinn in the New Year

Tallinn city council are currently discussing the introduction of night buses in the city. They have submitted a funding … Read more