As customary for the beginning of the year, January was rather modest: according to the initial data, 1,605 sale/purchase transactions of apartment ownerships were concluded all over Estonia, which was slightly below 100 less than last January and over 70…
The housing affordability index (HAI) increased to 134.3 in Vilnius, 186.0 in Riga, and 154.3 in Tallinn. In Tallinn, the HAI rose by 5.8 points in the third quarter of 2018, compared with the same period in 2017, as rapid…
In the third quarter, the average full-time gross wage amounted to EUR 1291, up by 7.5%, in a year. Median wage reached EUR 1000, +10.0%, over the year, according to the Tax Board. The average gross wage increased in all…
The shortage of labour keeps wage growth rapid • The shortage of labour is on the same level as in the years of the previous economic boom. • During the next two years, according to Swedbank’s forecast, the gross wage…
The housing affordability index (HAI) increased to 184.8 in Riga and 131.7 in Vilnius, but decreased to 156.3 in Tallinn. In Tallinn, the HAI fell by 3.1 points in the second quarter of 2018, compared with the same period in…
Even though the number of transactions in August was only higher than that of July, the real estate market in Tallinn has still been active, which is confirmed by the fact that in the first eight months of the year,…
Real GDP growth in Estonia accelerated to 3.7% yoy in the second quarter of 2018. The growth was stronger than in the first quarter (3.3%). In the first half, GDP growth was 3.5% in real terms. The acceleration of the…
In the second quarter, the average full-time gross wage amounted to EUR 1321, up by 6.4%, in a year Swedbank expects gross wage to grow by 6.6% in 2018 and by 6.0% in 2019 Consumption remains moderate Wage growth decelerated…
Employment rose rapidly but only among the part-time workers The unemployment rate decreased more than expected The shortage of labour has reached the levels of last economic boom Employment rose rapidly but only among the part-time workers The number of…
The Pirita SPA Hotel, which has delighted guests for nearly 40 years now, will be undergoing significant updates to provide more active recreation options for local families and foreign tourists alike. The spa hotel, which was recently acquired by Purje…
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…
GDP growth in Estonia decelerated to 3.6% yoy in 1Q2018 in real terms. The slowdown was expected, as close to 5% growth in 2017 was above the potential, by far. Nominal GDP growth decelerated to 8%, but it’s still very…
The growth of the average gross wage accelerated to 7.7%, over the year, in the first quarter of 2018. Families’ assessment of their financial situation is the highest on record. Rapid wage growth continued in the first quarter, around 8%,…
Higher economic activity lifted employment. The number of the inactive declined substantially and the unemployment rate grew due to a labour market reform. According to Statistics Estonia, employment increased by 0.6% despite a strong base effect last year. Employment rose…
March has traditionally been the month of enlivenment in the real estate market – in the past five years, in average, 316 flats more have been sold in comparison to January and February. There were 1836 transactions this March, i.e.…
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