Dwelling price index down by 0.8% in the third quarter

In the third quarter, the prices of apartments rose by 5.5% and the prices of houses by 4.7% compared with the same quarter last year.

Märt Umbleja, leading analyst at Statistics Estonia, pointed out that the last time the dwelling price index fell compared with the previous quarter was in the fourth quarter of 2024. “Compared with the second quarter of this year, apartment prices remained almost unchanged, rising only by 0.3%. The prices of apartments in Tallinn were up by 1.7%, while falling elsewhere. The prices of houses dropped by 2.9% across Estonia, having previously risen for three quarters in a row,” said Umbleja.

The monetary volume of transactions in the third quarter was greater than in the same quarter of 2024 and almost the same as in the second quarter. “Compared with the second quarter, the monetary volume of transactions involving existing dwellings increased, while the monetary volume of transactions for new dwellings decreased. In other words, people preferred to buy apartments and houses that had already been in use,” Umbleja noted.

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 third quarter, the owner-occupied housing price index rose by 0.6% compared with the second quarter and by 3.1% compared with the third 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.

Data as at 22 December are published. The indicator values may change if there are any revisions made in the data sources after this date.

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)

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