Dwelling Price Index decreased compared to the first quarter of the year

According to Egne Säinast, analyst at Statistics Estonia, the prices of apartments in Tallinn had the highest impact on the index in both yearly and quarterly comparison. “The prices of houses decreased by 1% and the prices of apartments increased by 6.1% compared to the second quarter of 2019. The prices of apartments in Tallinn increased by 5.5%,” added Säinast.

In areas bordering Tallinn with Tartu and Pärnu cities, the prices of apartments increased by 3.1% and in the rest of Estonia by 17.4%.

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).

The Owner-Occupied Housing Price Index increased by 6.4% compared to the second quarter of 2019. Compared to the first quarter of 2020, the index fell by 2%, including a 3.2% drop in home insurance prices.

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, on the basis of which the ministries can make informed decisions.

More detailed data have been published in the statistical database.

For further information:

Kadri Kütt
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181