According to Statistics Estonia, the Dwelling Price Index increased by 10.7% in 2013 compared to the average of the previous year. Compared to 2012, the prices of apartments increased by 13.3% and the prices of houses by 4.1%.
The annual change of the Dwelling Price Index was the biggest of the last three years
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The annual change of the Dwelling Price Index was 7.3% in 2012 and 8.5% in 2011.
In the 4th quarter of 2013 compared to the 4th quarter of 2012, the Dwelling Price Index changed by 15.6%, the prices of apartments increased by 20.2% and the prices of houses by 4.9%. The prices of apartments increased in all three areas under observation: by 21.4% in Tallinn, by 23% in areas bordering Tallinn and in Tartu and Pärnu cities and by 7.7% in the rest of Estonia.
In the 4th quarter compared to the 3rd quarter of 2013, the Dwelling Price Index increased by 2.6%, the prices of apartments increased by 3.7% and the prices of houses decreased by 0.1%. In the 4th quarter compared to the previous quarter, the price index of apartments increased by 3.9% in Tallinn, by 2.6% in areas bordering Tallinn and in Tartu and Pärnu cities and by 5.2% in the rest of Estonia.
The Dwelling Price Index expresses the changes in the transaction square metre prices of dwellings purchased by households. The Dwelling Price Indices are compiled for apartments and houses (including detached, semi-detached and terraced houses).
The Dwelling Price Index is published on the base 2010 = 100. The time series start from the 1st quarter of 2005. The annual index is calculated as the average of four quarters.
Dwelling Price Index, change over previous year, 2006–2013
