Various indicators like reduced feeling of security of consumers and a prognosis of a slower economic growth are signs of the very good times in the real estate market becoming just good times for real estate in Estonia. February continued…
In Tallinn, the HAI rose by 10.4 points to 161.9 as rapid wage growth outweighed growing apartment prices and interest rates. In Riga, the HAI improved by 12 points to 191.7 as wage growth outpaced apartment price growth. For new-project…
In 2018, the average full-time gross wage amounted to EUR 1310, up by 7.3%, in a year. The average gross wage increased in all sectors. The average wage was the highest in ICT and finance. A rapid growth in the…
In 2018, Estonian GDP growth slowed to 3.9% in real terms and to 8.6% in nominal terms and was supported by domestic demand and strong foreign demand. The growth was still strong and only slightly exceeded our expectations – our…
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…
• Inflation amounted to 3.4% in December and for 2018 as a whole.• In 2019, price growth is expected to slow to 2.8% as energy prices should stabilise and the planned hike of the excise tax on alcohol is cancelled.…
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…
November reflected rather well the slightly worrisome situation that has developed due to the changes in the market but we can make more accurate conclusions within the next six months. It is true that on the one hand, the feeling…
In the third quarter, Estonian GDP growth accelerated to 4.2% yoy in real terms. Compared to the previous quarter GDP increased 0.4%, seasonally and working day corrected. In nominal terms, GDP increased 9.5% in the third quarter and 8.5% ytd.…
If people in Tallinn are looking for signs of rise or fall in the market, completely different sentiments can be observed in Tartu real estate market. When summing up the October transactions, for Tallinn it can be said that the…
Even though the market of new developments has remained active in Tallinn and there have been no big leaps in the speed of stock absorption, an increasing uncertainty can be sensed among the developers, extending the presale period of developments.…
Inflation remained above 3% in September Inflation rate has fluctuated between 3% and 4% in recent months. Annual change in consumer prices amounted to 3.7% in September. Among different product groups, the prices of everyday essentials, i.e., housing, food, transport,…
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…
Apartment prices in Vilnius increased by 0.5% to 1,489 EUR/sqm in August 2018. During a year apartment prices in Vilnius increased by 2.3% and since the last lowest price level in May 2010, apartment prices are higher by 29.0% (by 334EUR/sqm).…
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,…