In the 1st quarter the Dwelling Price Index was mainly influenced by price increase of apartments

news release no 78

According to Statistics Estonia, in the 1st quarter of 2013 the Dwelling Price Index changed by 3.1 % compared to the 4th quarter of 2012 and by 7.7% compared to the 1st quarter of the previous year.

In the 1st quarter compared to the previous quarter, the prices of apartments increased by 6.5% and the prices of houses decreased by 4.7%.

Compared to the 1st quarter of 2012, the prices of apartments have increased by 11.2% and the prices of houses decreased by 0.2%. Compared to the same quarter of the previous year the prices of apartments increased in all areas under observation: in Tallinn by 12.5%, in areas bordering Tallinn with Tartu and Pärnu cities by 10.8% and in the rest of Estonia by 3.9%.

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, 1st quarter 2005 – 1st quarter 2013 (2010 = 100)

Diagram: Dwelling Price Index, 1st quarter 2005 – 1st quarter 2013 (2010 = 100)

For further information:

Egne Säinast
Leading Statistician
Price Statistics Service
Statistics Estonia
Tel +372 625 9280

More detailed data have been published in the Statistical Database.