Uudiste arhiiv

 

The housing affordability index (HAI) increased to 130.9 in Vilnius, 159.8 in Riga, and 146.8 in Tallinn

16.12.2015
Swedbank

In Tallinn, affordability rose by 4.9 points in the third quarter of this year compared with the same period in 2014, mainly due to a 7.9% rise in net wages, which was higher than apartment price growth for the first…

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Economic growth in Estonia decelerates sharply in the 2H2015

10.12.2015
Swedbank

According to the second estimate by the Statistics Estonia, the GDP growth in Estonia decelerated to 0.7% yoy in 3Q2015, while compared to the previous quarter the GDP decreased by 0.4% (seasonally and working-day adjusted). Primarily construction, transport and manufacturing…

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Strong wage increase and slow economic growth do not go well together

01.12.2015
SEB Pank

The strong wage increase in the third quarter is good news for a working person. Increasing employment and average wages, on the other hand, are a bit mystifying against stagnant corporate income and near-zero growth in the third quarter. Upward…

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Wages rose despite the weak growth in the economy

26.11.2015
Eesti Pank

Both seasonally adjusted quarterly wage growth and average annual wage growth were faster than in the second quarter Wages in accommodation and catering rose by 16.9% Data from Statistics Estonia show that the average gross monthly wage was up 6.9%…

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Economic growth or economic standstill

25.11.2015
SEB Pank

Several important economic indicators were updated last week. The new GDP flash estimate for the third quarter indicates that instead of picking up speed, as was expected at the beginning of the year, economic growth is instead beginning to freeze.…

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Statistics: Number of permits for use for non-residential premises down 2%

18.11.2015
Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

According to Statistics Estonia, 178 permits for use were issued for non-residential premises in Q3 2015. Issuance of permits for use decreased 2% in a year. The floor area of non-residential premises issued with permits for use was 149 000…

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Labour market has tightened further

15.11.2015
Swedbank

Finding suitable labour is increasingly difficult for Estonian employers, therefore, wage pressures persist even when enterprises sales and profits have decreased. Labour shortage was perceived as the biggest business constraint among the 18% of service, 17% of construction, and 14%…

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Statistics: Issuance of building permits for housing up 53%

11.11.2015
Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

According to Statistics Estonia, 1 511 units of housing, with a total floor area of 137 000 m², were issued with building permits in Q3 2015. Issuance of building permits for housing grew 53% year on year, whereas the floor…

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Statistics: Number of permits for use for housing more than doubles in a year

04.11.2015
Kinnisvaraanalüütik Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

According to Statistics Estonia, 983 units of housing received permits for use in Estonia in Q3 2015. These are some of the highest levels in the past five years, more than double the number of permits for use a year…

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The residents of the Baltic States rarely move

27.10.2015
SEB Pank

Compared to the rest of Europe, the residents of the Baltic States rarely move house. People chiefly move for family-related reasons, reveals the new Baltic Household Outlook prepared by SEB. The residents of the Nordic countries move most often. As…

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Statistics: Growth in the aggregate total of wages outpacing loan balances

27.10.2015
Kinnisvaraanalüütik Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

Balances on loan private individuals’ loans in Estonia have begun to grow at accelerating rates. According to the Bank of Estonia, last August the balance on private individuals’ loans stood at 7.23 billion euros, up 3.5% year on year. Growth…

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Private individuals’ deposits have grown more equally in Estonia than in Latvia or Lithuania

23.10.2015
SEB Pank

The financial situation of households in the Baltic States has improved thanks to favourable changes on the labour market and growth in mean wages, reveals the new economic analysis of Baltic households by SEB. Growth in people’s savings has significantly…

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In Latvia and Estonia the highest growth of average wages among Baltics

21.10.2015
SEB Pank

Due to a reduction in labour taxes, average net (after tax) wages in the first half of 2015 in Estonia and Latvia rose at a quicker pace than gross wages. In Lithuania the average net wages rose a little bit…

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Moderate economic growth, yet risks have increased

14.09.2015
SEB Pank

Economic statistics for the past week revealed that the Estonian economy grew a lot more last year than was previously thought. The growth of GDP in the second quarter can also be regarded as being good. At the same time,…

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Swedbank flash comment Estonia : Weak foreign demand inhibits the economic growth in Estonia

08.09.2015
Swedbank

• GDP real growth 2% in the second quarter • Main contribution from private consumption, but investments decreased • Economic activities dependent on foreign demand (transportation and manufacturing) had the largest negative contribution to the GDP growth • Exports decreased…

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