Price of housing grew 7% in Estonian in 2012

According to Statistics Estonia, in 2012 compared to 2011, the prices of apartments increased by 7.4% and prices of houses by 7%.

In the 4th quarter of 2012 compared to the 3rd quarter, the Dwelling Price Index changed by -1.4% and compared to the 4th quarter of 2011 by 5.8%.

As compared to the previous quarter, the prices of apartments decreased by 2.8% and the prices of houses increased by 1.7%. Compared to the 4th quarter of 2011, the prices of apartments have increased by 4.6% and the prices of houses by 8.4%.

The Dwelling Price Index expresses the changes in the transaction 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).

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