Housing Index in Estonia decreased to 211.03 points in the third quarter of 2024 from 212.10 points in the second quarter of 2024. This dataset provides - Estonia House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about House Prices Growth

• Estonia house prices grew 7.8% YoY in Mar 2025, following an increase of 0.5% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Sep 2004 to Mar 2025, with an average growth rate of 8.7%.
• House price data reached an all-time high of 57.6% in Mar 2006 and a record low of -40.2% in Jun 2009.

Graph and download economic data for Real Residential Property Prices for Estonia (QEER628BIS) from Q1 2005 to Q3 2024 about Estonia, residential, HPI, housing, real, price index, indexes, and price.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2023. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 117.5 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Estonia - Housing cost overburden rate: Tenant, rent at market price was 30.80% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Estonia - Housing cost overburden rate: Tenant, rent at market price - last updated from the EUROSTAT on March of 2025. Historically, Estonia - Housing cost overburden rate: Tenant, rent at market price reached a record high of 42.30% in December of 2015 and a record low of 20.90% in December of 2009.

The Property and Casualty Insurance Market in Estonia can be Segmented by Product Type (Motor Insurance, Property Insurance, Civil Liability Insurance, Financial Loss Insurance, and Other Insurance) and Distribution Channel (Direct Sales, Agents, Brokers, and Other Distribution Channels). The report offers market size and forecasts for the Estonia Property & Casualty Insurance Market in value (USD million) for all the above segments. Source: https://www.mordorintelligence.com/industry-reports/property-casualty-insurance-market-in-estonia

House Price Index YoY in Estonia decreased to 6.40 percent in the third quarter of 2024 from 6.70 percent in the second quarter of 2024. This dataset includes a chart with historical data for Estonia House Price Index YoY.

In 2024, Turkey had the highest inflation-adjusted house price index out of the 35 European countries under observation, making it the country where house prices have increased the most since 2010. In Turkey, the house price index exceeded 240 index points in the first quarter of 2024, showing an increase in real terms of 140 percent since 2010, the baseline year for the index. Iceland and Estonia completed the top three, with an index value of over 190 index points. In the past year, however, many European countries saw house prices decline in real terms. Where can I find other metrics on different housing markets in Europe? To assess the valuation in different housing markets, one can have a look at the house-price-to-income ratios in different countries worldwide. These ratios are calculated by dividing nominal house prices by nominal disposable income per head. There are also ratios that look at how residential property prices relate to domestic rents, such as the house-price-to-rent ratio for the United Kingdom. Unfortunately, these numbers are not available in a European overview. An overview of the price per square meter of an apartment in the EU-28 countries is available, however. One region, different markets An important trait of the European housing market is that there is not one market, but multiple. Property policy in Europe lies with the domestic governments, not with the European Union. This leads to significant differences between European countries, which shows in, for example, the homeownership rate (the share of owner-occupied dwellings of all homes). These differences also lead to another problem: the availability of data. Non-Europeans might be surprised to see that house price statistics vary in depth, as every country has their own methodology and no European body exists that tracks this data for the whole continent.

This statistic illustrates the investment volume in the commercial property market in Tallinn, Estonia, from 2013 to 2019. It can be seen that between the period of 2014 and 2015 the investment volume increased by 369 million euros, to a total of 454 million euros in 2015. In 2019, the investment volume decreased to 80 million euros.

What is the price of a house in Belgium? In 2022, a house in Belgium would cost approximately 319,000 euros. However, that there are large price differences between the three Belgian regions. A house in the Brussels Capital-Region (the city of Brussels along and its surrounding villages) cost about double the price of a house in Wallonia. Of the Belgian provinces, houses in Hainaut were the cheapest. The ranking shown here only includes what in Flemish Dutch is referred to as “woonhuizen” and as “maisons” in French and therefore does not include apartments.

How much is an apartment in Belgium?

In 2022, an apartment in Belgium would cost approximately 260,000 euros. Apartment prices increased by about four percent compared to 2021, which was lower than the house prices (eight percent).

Is residential property in Belgium expensive when compared to the rest of Europe?

The house price index (HPI) of Belgium did not increase as fast as that of other European countries in 2022. Residential property in Belgium (which includes both newly constructed as well as existing property) increased by six percent between the second quarter of 2021 and the second quarter of 2022, whereas prices in Estonia and Czechia increased by more than 20 percent.

Graph and download economic data for Harmonized Index of Consumer Prices: Other Services Relating to the Dwelling N.e.c. for Estonia (CP0444EEM086NEST) from Dec 1997 to Feb 2025 about Estonia, harmonized, services, CPI, housing, price index, indexes, and price.

In 2024, the Estonian market for bearing housings incorporating ball or roller bearings decreased by -5.3% to $623K, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, enjoyed a strong increase. Over the period under review, the market hit record highs at $940K in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

After three years of growth, supplies from abroad of bearing housings incorporating ball or roller bearings decreased by -21.5% to 71 tons in 2023.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Estonia (CP0410EEM086NEST) from Dec 1997 to Feb 2025 about Estonia, harmonized, rent, CPI, housing, price index, indexes, and price.

In 2024, after three years of growth, there was significant decline in the Estonian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings, when its value decreased by -8.7% to $3.9M. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2024: its value increased at an average annual rate of +1.9% over the last twelve years.

The Estonian property and casualty (P&C) insurance market, valued at €230.74 million in 2025, exhibits a modest yet steady growth trajectory, reflected in its Compound Annual Growth Rate (CAGR) of 1.19%. This relatively low CAGR suggests a mature market with established players like IF Property and Casualty Insurance, ERGO Insurance, and Swedbank P&C Insurance dominating the landscape. Growth is likely driven by increasing awareness of insurance needs among individuals and businesses, particularly within the expanding property market and a growing middle class. Furthermore, mandatory insurance requirements for certain assets likely contribute to market stability. However, factors such as economic fluctuations, low insurance penetration in specific segments, and the intense competition among established players could present challenges to significant expansion. The market segmentation reveals that motor insurance likely holds the largest share, followed by property and civil liability insurance. Direct sales channels are expected to be increasingly competitive with the growing prevalence of online platforms, while agents and brokers retain influence in reaching specific customer segments. The forecast period of 2025-2033 anticipates consistent growth, albeit at a moderate pace, reflecting the overall stability and moderate growth potential within the Estonian economy. The competitive landscape shows a mix of both international and domestic insurers, suggesting a balance of international expertise and localized understanding. This market structure indicates opportunities for specialized insurance products catering to unique needs within Estonia, such as those specifically designed for the agricultural sector or addressing environmental risks. Further research into specific trends like increased digitalization and the adoption of Insurtech solutions would reveal opportunities for innovative players to capture market share. Understanding consumer behavior and preferences concerning insurance products, particularly among younger demographics, would be key for growth. Given the relatively stable nature of the market, a focus on customer retention and strategic partnerships will likely be crucial for long-term success within this segment. This comprehensive report provides an in-depth analysis of the Estonian property and casualty (P&C) insurance market, covering the historical period (2019-2024), the base year (2025), and offering forecasts until 2033. The report delves into market size (in millions), key industry trends, competitive landscape, and future growth prospects, making it an invaluable resource for insurers, investors, and market analysts. High-search-volume keywords like "Estonia insurance market," "Estonian P&C insurance," "Motor insurance Estonia," and "Property insurance Estonia" are strategically incorporated for enhanced search engine optimization. Recent developments include: In February 2024, Howden acquired the business operations of the corporate portfolio of KindlustusEst Kindlustusmaakler OÜ as well as AS Smart Kindlustusmaakler. Howden expands its footprint in the area by acquiring two prominent insurance agents in Estonia., In March 2024, Swedbank entered into a partnership with Akur8, an insurance pricing solution powered by Transparent AI. Swedbank intends to expedite its insurance pricing procedure, guaranteeing accuracy, transparency, and an enhanced customer experience, by utilizing Akur8's cloud-based, fully integrated platform.. Key drivers for this market are: Self service insurance through Mobile apps increasing Non-life insurance penetration, Increase in Natural catastrophe driving new business opportunity for P&C insurance. Potential restraints include: Self service insurance through Mobile apps increasing Non-life insurance penetration, Increase in Natural catastrophe driving new business opportunity for P&C insurance. Notable trends are: Direct Sales leading P&C Insurance market.

Estonia - Harmonised index of consumer prices (HICP): Services related to housing was 157.45 points in January of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Estonia - Harmonised index of consumer prices (HICP): Services related to housing - last updated from the EUROSTAT on March of 2025. Historically, Estonia - Harmonised index of consumer prices (HICP): Services related to housing reached a record high of 157.45 points in January of 2025 and a record low of 44.75 points in December of 2000.

The average price of purpose-built rental (PRS) apartments in Tallinn, the capital of Estonia, ranged from 16 to 28 euros per square meter per month on average in the first half of 2024. That was the highest range compared to other capitals in the Baltic region. In the prime co-living apartment segment, Vilnius recorded the highest price range. The average monthly rent in the private apartment market was the lowest in Riga, varying from 13 to 22.5 euros per square meter.

In 2025, consumption of trailers and semi-trailers of the caravan type, for housing or camping decreased by -59.3% to 68 units for the first time since 2019, thus ending a two-year rising trend. The revenue of the camping trailer market in Estonia declined rapidly to $844K in 2025, which is down by -59.9% against the previous year.

Over the five years through 2024, IP leasing revenue is projected to fall at a compound annual rate of 4.5% to €29.7 billion. IP leasing demand has benefitted from increasing technological complexity in vehicles, software and pharmaceuticals. Tax incentives have also driven up IP leasing by reducing the R&D costs, thereby cutting the prices charged for leasing IP. Demand from the radio frequency spectrum leasing market has surged thanks to the rollout of 5G across the majority of European geographies. However, IP leasing demand slumped at the height of the COVID-19 pandemic, which caused business confidence and research and development spending to tumble. Revenue has since bounced back, though, and is slated to swell by 0.2% in 2024 as European businesses continue to realise the benefits of leasing IP rather than developing it themselves. Revenue is forecast to surge at a compound annual rate of 4.8% over the five years through 2029, reaching €37.7 billion. Rising research and development expenditure across Europe will boost the pool of registered designs, patents and trademarks available in the market, fuelling revenue growth. European business and consumer sentiment is projected to strengthen moving forward, supporting demand for IP leasing. The ongoing trend of technological manufacturers across Europe becoming fabless will also drive up the need for leasing IP.