The rise in the Dwelling Price Index slowed down in the third quarter
According to Statistics Estonia, in the third quarter of 2022, the Dwelling Price Index increased by 0.8% compared with the second quarter of 2022 and by 24.2% compared with the third quarter of 2021.
Egne Säinast, leading analyst at Statistics Estonia, said that, compared with the third quarter of 2021, the prices of apartments rose by 25.4% and the prices of houses by 22.4%. “Compared with the second quarter of this year, the prices of apartments went up by 2.2% and the prices of houses fell by 1.8% in the third quarter,” added Säinast.
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 increased by 18.2% compared with the third quarter of 2021 and decreased by 0.3% compared with the second quarter of this 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.
See also the prices section on our website.
More detailed data have been published in the statistical database.
For further information:
Helen Maria Raadik
Media Relations Manager
Marketing and Dissemination Department
Tel +372 625 9181
press [at] stat.ee