Dwelling price index up by 3% in the first quarter
According to Statistics Estonia, in the first quarter of 2025, the dwelling price index increased by 3% compared with the previous quarter and by 4.6% compared with the first quarter of 2024.
In the first quarter, the prices of apartments rose by 2.7% and the prices of houses by 8.9% compared with the same quarter last year.
Märt Umbleja, leading analyst at Statistics Estonia, said that, compared with the previous quarter, apartment prices went up by 1.8% and the prices of houses by 5.4% in the first quarter of 2025. “Compared with the fourth quarter of 2024, square metres prices remained at the same level only for apartments in Tallinn city. Prices increased for apartments in areas bordering Tallinn and in Tartu and Pärnu cities, and in the rest of Estonia – apartment prices in these regions had fallen more than in Tallinn in the last two quarters of 2024,” added Umbleja.
The monetary volume of transactions in the first quarter of 2025 was higher than in the first quarter of 2024 but lower than in the previous quarter. “Usually, there are more transactions at the end of the year and not as many transactions when the new year begins,” explained 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 first quarter, the owner-occupied housing price index increased by 1.7% compared with the fourth quarter of 2024 and by 3.8% compared with the first 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:
Heidi Kukk
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 5696 6484
press [at] stat.ee (press[at]stat[dot]ee)