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In the second quarter, the rapid increase in the Dwelling Price Index continued

News
Posted on 23. September 2022 8:00

According to Statistics Estonia, in the second quarter of 2022, the Dwelling Price Index increased by 8% compared with the first quarter of 2022 and by 27.4% compared with the second quarter of 2021.

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).

Egne Säinast, analyst at Statistics Estonia, said that, compared with the second quarter of 2021, the prices of apartments rose by 27.3% and the prices of houses by 27.8%. “Compared with the first quarter of this year, the prices of apartments went up by 9% and the prices of houses by 6.1% in the second quarter,” added Säinast.

Dwelling price index, 1st quarter 2005 – 2nd quarter 2022 (2010 = 100)

In the second quarter, the Owner-Occupied Housing Price Index increased by 8% compared with the first quarter of 2022 and by 21.9% compared with the second quarter of 2021.

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
Statistics Estonia
Tel +372 625 9191

 

Photo: Statistics Estonia