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According to Statistics Estonia, in the 1st quarter of 2014, the Dwelling Price Index changed by 4.8% compared to the 4th quarter of 2013 and by 17.5% compared to the 1st quarter of the previous year.
The Dwelling Price Index increased in the 1st quarter
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Compared to the previous quarter, the prices of apartments increased by 6.8% and the prices of houses decreased by 0.1%.
Compared to the 1st quarter of 2013, the prices of apartments have increased by 20.5% and the prices of houses by 9.9%. The prices of apartments increased in all three areas under observation: by 21.5% in Tallinn, by 21.1% in areas bordering Tallinn with Tartu and Pärnu cities and by 13.2% in the rest of Estonia.
Compared to the 4th quarter of the previous year, the price index of apartments increased by 5.9% in Tallinn, by 5.6% in areas bordering Tallinn with Tartu and Pärnu cities and by 13.9% in the rest of Estonia.
The Dwelling Price Index expresses the changes in the square metre prices of dwellings purchased by households. The Dwelling Price Indices have been 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, 1st quarter 2005 – 1st quarter 2014 (2010 = 100)
