The dwelling price index rose by 5.2% in 2025

Märt Umbleja, leading analyst at Statistics Estonia, said that the dwelling price index, which increased rapidly in 2021 and 2022, has continued to rise in the last three years but at a more modest rate ranging from 5.2% to 6.1%. “The increase in 2025, calculated as the average of four quarters, was 5.9% for house prices and 5% for the prices of apartments. Last year, apartment prices were up by 5% in Tallinn, by 4.1% in areas bordering Tallinn and in Tartu and Pärnu cities, and by 6.9% elsewhere in Estonia,” added Umbleja.

The total value of transactions in 2025 increased year on year, both for existing and newly built dwellings. “In the second half of last year, there were more transactions with existing properties – both compared to the first half of 2025 and the second half of 2024. The market is not very active, but real estate prices have been steady despite this,” noted Umbleja.

In the fourth quarter of 2025, the dwelling price index increased by 5.5% compared with the same quarter of 2024. The prices of apartments rose by 7.2% and the prices of houses by 2.3%.

“For the second quarter in a row, the index trended down quarter on quarter – the decline was 0.3% in the fourth quarter. The prices of apartments have remained virtually unchanged for two quarters, as the increase was 0.2% in the fourth quarter. The prices of houses declined for the second quarter in a row, with the decrease being 1.4% in the fourth quarter,” said Umbleja.

The monetary volume of transactions in the fourth quarter of 2025 was smaller than in the third quarter last year as well as in the fourth quarter of 2024. “The monetary volume of transactions with existing apartments and houses was up in the fourth quarter year on year, while the value of transactions with new dwellings was down. The trend was the opposite when compared with the previous quarter. Thus, buyers still preferred existing properties, but there has been more interest in new apartments and houses as well,” 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).

The owner-occupied housing price index increased by 3.6% in 2025 compared with the average of 2024.

In the fourth quarter of 2025, the index was up by 3.8% compared with the fourth quarter of 2024 and down by 1.2% compared with the third quarter of last year.

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 20 March 2026 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:

Kaia-Liisa Tabri
Communications Partner
Marketing and Dissemination Department
Statistics Estonia
Tel +372 5196 9617
press [at] stat.ee (press[at]stat[dot]ee)

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