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The annual growth of the Dwelling Price Index slowed down

News
Posted on 20 March 2013, 10:00
According to Statistics Estonia, the annual change of the Dwelling Price Index was 7.3% in 2012 compared to the previous year. The annual change of 2011 was 8.5%

In 2012 compared to 2011, the prices of apartments increased by 7.4% and prices of houses by 7%.

In the 4th quarter of 2012 compared to the 3rd quarter, the Dwelling Price Index changed by -1.4% and compared to the 4th quarter of 2011 by 5.8%.

Compared to the previous quarter, the prices of apartments decreased by 2.8% and the prices of houses increased by 1.7%. Compared to the 4th quarter of 2011, the prices of apartments have increased by 4.6% and the prices of houses by 8.4%.

The Dwelling Price Index expresses the changes in the transaction square metre prices of dwellings purchased by households. The Dwelling Price Indices have been compiled for apartments and houses (including detached, semi-detached and terraced houses).

The Dwelling Price Index is published on the base 2010 = 100. The time series start from the 1st quarter of 2005. The annual index is calculated as the average of four quarters.

Dwelling Price Index, change over previous year, 2006–2012

Diagram: Dwelling Price Index, change over previous year, 2006–2012