The dwelling price index up by 5.5% year on year
According to Statistics Estonia, in the second quarter of 2025, the dwelling price index increased by 3.6% compared with the first quarter and by 5.5% compared with the second quarter of 2024.
In the second quarter, the prices of apartments rose by 4.5% and the prices of houses by 7.8% compared with the second quarter last year.
Märt Umbleja, leading analyst at Statistics Estonia, said that, compared with the previous quarter, apartment prices went up by 4.8% and the prices of houses by 1.4% in the second quarter. “Apartment prices across Estonia have risen for two consecutive quarters following a period of decline in 2024. As an exception, apartment prices per square metre remained unchanged in Tallinn in the first quarter, with prices rising only now, in the second quarter, by 3.9%,” Umbleja stated.
The monetary volume of transactions in the second quarter of 2025 was greater than in the first quarter of 2025 as well as in the second quarter of 2024. The last time the monetary volume of apartment and house transactions was higher than it is now was in the second quarter of 2022, but at that time the number of transactions was also higher. “Therefore, it can be said that real estate prices in the second quarter of 2025 were higher than in the second quarter of 2022, and the higher monetary volume of transactions in the second quarter of 2022 was due to greater market activity,” noted Umbleja.
The dwelling price index expresses the changes in the square metre prices of transactions made by households for the purchase of dwellings, and it is compiled for apartments and houses (detached, semi-detached and terraced houses).
In the second quarter, the owner-occupied housing price index increased by 2.6% compared with the first quarter and by 3.5% compared with the second quarter of 2024.
The owner-occupied housing price index expresses the changes in the prices of the acquisition of dwellings new to the household sector and other goods and services that households purchase in their role as owner-occupiers. The index consists of the acquisition of dwellings, other services related to the acquisition of dwellings, major repairs and maintenance, and insurance connected with dwellings.
The main representative of public interest for the dwelling price index and owner-occupied housing price index is the Ministry of Finance, commissioned by whom Statistics Estonia collects and analyses the data necessary for conducting the statistical activity. The data help to get an overview of the current state of the Estonian economy.
See also the prices section on our website. More detailed data have been published in the statistical database.
When using Statistics Estonia’s data and graphs, please indicate the source.
For further information:
Susann Kivi
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 5696 6484
press [at] stat.ee (press[at]stat[dot]ee)