Uudiste arhiiv

 

Lower tax rates and prices lifted real wage income

Eesti Pank

Data from Statistics Estonia show that the growth in average gross wages accelerated to 5.8% in the second quarter of 2015, from 4.5% in the first quarter. Tax changes that took effect this year supported the 7.3% rise in the

Labour market sends out contradictory messages

SEB Pank

On Friday of last week, Statistics Estonia published data on the second quarter employment rate collected during the labour force survey. Messages received from the labour market are somewhat contradictory – employment grew significantly in comparison with the first quarter,

The housing affordability index (HAI) increased to 131.5 in Vilnius, 149.1 in Riga, and 144.1 in Tallinn

Swedbank

In Tallinn, affordability rose marginally by 0.9 point in the first quarter this year compared with the same period in 2014, due to a 36-basis-point-decrease in interest rates. In Riga, the HAI increased by 2.1 points because wage growth outpaced

In 2014, average gross earnings grew in each of the Baltic States

The state of the job market continues to improve, regardless of the slowing of economic growth and lower employment rate growth. Last year, the growth of average gross earnings was influenced by the increase in the minimum wage in each

Savings, real estate, and children: future pensioners of the Baltics rely on alternatives to the state pension

According to the Baltic Retirement Readiness Index calculated based on an SEB survey, 90 percent of Estonian, Latvian and Lithuanian employed population hope to have alternatives (i.e. other sources of income) to the state pension. In reality, only a half

Borrowers are afraid of losing their job, but insurance for health risks is the most common

According to a survey conducted by SEB, most clients who have taken a home loan are afraid of unemployment (69% of the respondents), an increase in loan interest (50%) or a decline in health (42%). Of the participants, 66% have

SEB: Proportion of home loans with long-term arrears return to pre-crisis levels

According to an international survey conducted in 2013, as much as 74 per cent of Latvian families experienced some negative impact – job loss or decreased income – from the economic crisis. In Estonia, the proportion of such families was

After the crisis years, clients’ choices of new homes are considered and based on long-term prospects

Held under the leadership of SEB last week, a meeting of real estate buyers and sellers confirmed that someone buying a new home today must both carefully consider their family’s actual needs and compare real estate offers that meet those

SEB analysis: a resident of Tallinn on an average income can only buy a standard apartment 8.1 square metres smaller than a resident of Riga

According to the SEB housing purchasing power index, in the last quarter of 2013 the accessibility of housing improved in both Vilnius and Riga but declined in Tallinn. In the last quarter of 2013, a resident of Riga on an

Statistics: The number of permits of use of dwellings increased 13% within a year

Kinnisvaraanalüütik Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

According to Statistics Estonia, in the 3rd quarter of 2013 436 dwellings with total floor area of 48 400 m2 were completed, i.e. were granted the permit of use. Compared to the same time of previous year, the number of

Statistics: Housing expenses have increased 8% within a year

Kinnisvaraanalüütik Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

According to Statistics Estonia the consumer price index of October is 1,5% higher than that one year ago. At the same time housing expenses have increased as much as 8% in one year. By today, in comparison with the year

Statistics: The turnover of transactions in real estate is 2,5 times less compared to the peak

Kinnisvaraanalüütik Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

According to Statistics Estonia, in the 3rd quarter of 2013 11 093 transactions in real estate were made with total value of 561 million euros. Within a year the number of transactions in real estate increased 15 and the value

Statistics: Residential development loan balance down by 17% in a year

Kinnisvaraanalüütik Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

According to the Bank of Estonia, the balance of loans granted for investment properties and development in Q3 2013 was €1.7 billion. This is 4.6% less than in the previous year. The loan balance of retail property financing has decreased

Economic Growth In Estonia Continues, But Slows In Q2 2012

According to a recent report on the Statistics Estonia site, economic growth in Estonia grew by two per cent y-o-y to Q2 2012. However, GDP only grew by 0.4 per cent, when seasonal and work-day factors are taken into account, between

Real Estate Prices In Estonia See Fall In July 2012

According to a recent article in the Estonian Press Digest from News2Biz, July 2012 saw something of a fall in real estate prices in Estonia as a whole, but at the same time real purchasing power (in Tallinn) for those