Housing Index in Estonia increased to 215.90 points in the first quarter of 2025 from 209.64 points in the fourth quarter of 2024. This dataset provides - Estonia House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Residential Property Prices for Estonia (QEEN368BIS) from Q1 2006 to Q1 2025 about Estonia, residential, housing, and price.

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.

Residential Property Prices in Estonia increased 4.61 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Estonia Residential Property Prices.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

Real residential property prices Y-on-Y, percent change in Estonia, March, 2025 The most recent value is 0.09 percent as of Q1 2025, an increase compared to the previous value of -0.31 percent. Historically, the average for Estonia from Q1 2006 to Q1 2025 is 3.82 percent. The minimum of -41.57 percent was recorded in Q3 2009, while the maximum of 45.87 percent was reached in Q1 2006. | TheGlobalEconomy.com

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 July 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 Estonia Property & Casualty Insurance Market report segments the industry into By Product Type (Motor Insurance, Property Insurance, Civil Liability Insurance, Financial Loss Insurance, Others) and By Distribution Channel (Direct, Agents, Brokers, Other Distribution Channel). Get five years of historical data alongside five-year market forecasts.

Estonia - House price index was 4.60% in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Estonia - House price index - last updated from the EUROSTAT on August of 2025. Historically, Estonia - House price index reached a record high of 52.30% in March of 2006 and a record low of -42.20% in September of 2009.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

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 *** million euros, to a total of *** million euros in 2015. In 2019, the investment volume decreased to ** million euros.

In 2023, the turnover of the real estate industry of Estonia amounted to about 2.57 billion Euros. Between 2021 and 2023, the turnover rose by approximately 250 million Euros.

Estonia - Selected residential property prices, Real, Index, 2010 = 100

The financial crisis of 2008 has caused a number of changes in the investment of both companies and individuals. One of the widely invested assets became the real estate market. The decline in real estate prices was noted in 2009 and 2012-2014. The highest decrease in property prices was indicated in Bulgaria, Ireland, Lithuania, Latvia, Slovakia and Estonia. Property prices, despite the crisis, increased however in Belgium and Germany. On average, property prices in the EU declined by 4.4% in 2009, 1.9% in 2012 and 1.2% in 2013.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

This statistic shows the revenue of the industry “buying and selling of own real estate“ in Estonia from 2012 to 2018, with a forecast to 2025. It is projected that the revenue of buying and selling of own real estate in Estonia will amount to approximately ****** million U.S. Dollars by 2025.

In 2024, Turkey had the highest inflation-adjusted house price index out of the ** European countries under observation, making it the country where house prices have increased the most since 2010. In Turkey, the house price index exceeded *** index points in the fourth quarter of 2024, showing an increase in real terms of *** percent since 2010, the baseline year for the index. Iceland and Estonia completed the top three, with an index value of *** and *** 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 compare the house-price-to-income ratios of 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.

Estonia - Severe housing deprivation rate: Tenant, rent at market price was 3.40% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Estonia - Severe housing deprivation rate: Tenant, rent at market price - last updated from the EUROSTAT on August of 2025. Historically, Estonia - Severe housing deprivation rate: Tenant, rent at market price reached a record high of 32.30% in December of 2006 and a record low of 3.40% in December of 2023.

Estonia - Harmonised index of consumer prices (HICP): Actual rentals for housing was 164.42 points in June 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): Actual rentals for housing - last updated from the EUROSTAT on August of 2025. Historically, Estonia - Harmonised index of consumer prices (HICP): Actual rentals for housing reached a record high of 173.13 points in September of 2022 and a record low of 37.10 points in December of 1997.

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 Jul 2025 about Estonia, harmonized, CPI, services, housing, price index, indexes, and price.