The housing affordability index (HAI) increased to 182.0 in Riga and 152.0 in Tallinn, but decreased to 133.1 in Vilnius.
- In Tallinn, the HAI rose by 5.9 points in the first quarter of 2018, compared with the same period in 2017, as very rapid wage growth offset apartment price and interest rate increases.
- In Riga, the HAI improved by 15.8 points as brisk wage growth and a decline in interest rates surpassed an increase in apartment prices.
- In Vilnius, the HAI decreased by 1.5 points as fast wage growth could not outweigh apartment price growth and an increase in interest rates.
- The time needed to save for a down payment decreased by a month and three weeks in Tallinn, by around two months in Riga, and by three weeks in Vilnius, to 28.5, 23.6, and 34.4 months, respectively.
The housing affordability index (HAI) is calculated for a family whose income is equal to 1.5 of average net wages with an average-sized apartment of 55 square meters. The HAI is 100 when households use 30% of their net wages for mortgage costs. When the HAI is at least 100, households can afford their housing, according to the established norm. The higher the number, the greater the affordability.
Baltic Housing Affordability Index Q1 2018
Tõnu Toompark on kinnisvaraanalüütik, -konsultant ja koolitaja, kelle tegevusvaldkonnad on valdavalt: * elamispindade turg, turutrendid, tehingud, hinnad ning turuülevaated; * uute korterite arendamise mahud, müük, hinnad ja analüüsid; * üürituru pakkumine, tehingud ja hinnad ning üüriinvesteeringud, tasuvusarvutused; * elamispindade kättesaadavus numbrilisena; * koolitused eeltoodud valdkondades. Koolituste valdkonnaga on Tõnu Toompark seotud üle 25 aasta. Ta on avaldanud sadu ja sadu kinnisvarateemalisi analüüse, artikleid ja kommentaare. Tõnu Toompark on läbi viinud koolitusi nii kesk-, kutse-, kõrg-, kui ülikoolides, lisaks mitmetes koolitusettevõtetes. Näiteks Kinnisvarakool, Tallinna Tehnikaülikool, Eesti Ettevõtluskõrgkool Mainor, Estonian Business School, Tartu Ülikool, Tallinna Majanduskool.
