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…
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…
Compared to the other Baltic states, Estonians are more inclined to take out loans to buy their own homes, SEB’s latest economic analysis of households in the Baltic states reveals. Owning one’s home instead of renting it is significantly more…
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…
AS Merko Ehitus kontserni kuuluv SIA Merks on käivitanud Riias Skanstese piirkonnas Skanstes Parks korteriarendusprojekti, mis hõlmab kolme kortermaja ligikaudu 140 korteriga. Ettevõte alustab esimese 52 korteriga hoone ehitust aadressil Grostonas 12. SIA Merks on Skanstese piirkonda rajanud varem Skanstes…
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…
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…
Euroopa Liidu keskmine eluaseme suurus on 96 ruutmeetrit, kuid Balti riikides peab keskmine leibkond leppima 63-67 ruutmeetriga. Üheks oluliseks põhjuseks on eramajas elavate inimeste väike osakaal, selgub uuest SEB koostatud Balti perede majandusanalüüsist. Enamuses Kesk- ja Ida-Euroopa riikides jääb keskmine…
The average housing size in the European Union is 96 m2. However, in the Baltics, an average household must cope with 63–67 m2. A new financial analysis of Baltic households organized by SEB reveals that this is, in part, caused…
The dual-track economic picture in Eastern (including Central) Europe will persist over the next two years. Conflict-plagued Russia and Ukraine will show continued weakness. In Russia, recession will linger during 2016 too, as plunging oil prices rebound only weakly and…
The volume of loans and leases to Estonian companies and households was the same at the end of August as in July at 15.8 billion euros. This meant the financing portfolio had increased by 3.5% since August last year. Annual…
Growth of house prices one of the fastest in Europe House prices have grown faster than households’ incomes Surge in supply should slow future price growth Growth of house prices one of the fastest in Europe Of the 27 countries…
AS Merko Ehitus on käivitanud Tallinnas Kristiine linnaosas asuva Sõpruse pst 33 kortermaja arenduse, hoone valmimine on planeeritud 2016. aasta lõppu. B-energiamärgisega 5-korruselise kortermaja (www.merko.ee/sopruse33) arhitekt on Velle Kadalipp, hoonet ilmestavad erinevad fassaadikattematerjalid ning klaasliftid. U-kujulise kortermaja hoovi rajatakse privaatne…
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,…
Why worry about wage growth? Wage growth accelerated again Not sustainable in the longer term Exports have to recover Wage growth accelerated again Gross wage growth has been around or above 5% since 2011. In the first half of 2015,…
