The house price index expresses the changes in the prices per square meter of transactions carried out by households for the purchase of dwellings and is calculated for apartments and houses (single, semi-detached and terraced houses).

Egne Säinast, analyst at Statistics Estonia, said that in the first quarter the house price index was again the most influenced by rising apartment prices in Tallinn.

“Apartment prices in Estonia as a whole have increased 7.5% from the fourth quarter of 2020 and 8.6% from the first quarter of 2020,” Säinast said.

In the first quarter, house prices increased 4.5% compared to the previous quarter and 2.2% compared to the first quarter of 2020.

In the first quarter, the price index for owner-occupied housing increased 5.5% from the fourth quarter of 2020 and 6.5% from the first quarter of 2020.

The owner-occupied housing price index expresses changes in the acquisition prices of new housing for the household sector and other goods and services that households purchase as owner-occupiers.

The index includes home acquisition, other services related to home acquisition, major repair and maintenance work, and home insurance.

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