Housing Index in Estonia increased to 223.74 points in the second quarter of 2025 from 215.90 points in the first quarter of 2025. 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.

Estonia - House price index was 5.50% in June 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 October 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.

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.

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.

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.

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.

Revenue is forecast to contract at a compound annual rate of 2% over the five years through 2025 to €44.7 billion. This is mostly the result of COVID-19 restrictions dampening downstream demand in 2020. While 2021 saw some recovery, poor economic conditions since 2022 have stifled any significant recovery, continuing to weigh on the industry’s revenue performance. In 2025, revenue is slated to dip by 1.1% owing to the cooling housing market, despite significant investment in civil engineering projects across Europe. Despite public funding and support for new residential properties, a weaker housing market has limited stone and aggregates demand from property developers. This is primarily the result of persistently high interest rates, inhibiting borrowing and investing. Another key factor is the decline in cement and concrete manufacturing (two key downstream markets) in Europe since 2021, according to CEMBUREAU, owing to construction companies moving towards lower embedded CO2 construction materials. Still, revenue has been propped up by growing demand from non-construction markets, like glass manufacturers, fertiliser manufacturers and other industrial and building-environment solutions applications (like sand and gravel being used to prevent coastline erosion) Over the five years through 2030, revenue is forecast to grow at a compound annual rate of 2.5%, to €50.7 billion. Economic conditions are likely to remain fairly weak in the short to medium term as inflation remains above the universal 2% target. The elevated rate of inflation will ensure central banks delay any reductions in the base rate, keeping the cost of borrowing high for would-be home buyers. Weaker demand for houses will contribute to weak price performance and disincentivise developers from increasing production, weighing on activity levels in the construction sector. However, pockets of opportunity will remain in alternative uses of stone, clay, gravel and sand.

The study gives updated and policy-relevant information on living conditions in the three countries, with special focus on housing and residential environment, the labour market (unemployment, working conditions), and income. (Household roster) Topics: 1.) Housing conditions/residential environment 2.) Labour Force 3.) Economic self-assessment 4.) Income Demography 1.) Dwelling type; owner of dwelling; becoming owner of dwelling; quality of amenities; problems paying for rent or communal services; owing money for rent or communal services; number of rooms available to the household; dwelling space in square meters; damp/humid rooms and ability to keep home adequately warm; dwellings’ exposure to noise; exhausts from traffic/industry in vicinity of dwelling; respondents’ satisfaction with housing conditions; condition of dwelling; plans for removal to another dwelling; reasons for planning of removal to another dwelling; supply with consumer goods. 2.) Household members’ occupation last week; absence of occupation last week; reason for absence of occupation last week; actively seeking work; reasons for not seeking work; ways of seeking work; number of months seeking work; general availability for work; paid work in last 12 months; household members’ reason for stopping work; status in employment; full-time or part-time job; working hours at main job; additional jobs; working hours at additional jobs; seeking additional work. 3.) Capacity to get things that people sometimes cannot afford; economic situation of household; possibility to raise money for a sudden need; current economic situation compared with situation 5 years ago; assessment of future economic situation. 4.) Main contributor to household budget; wage income; self employment income non-agricultural; self employment income agricultural; non-government transfer income; government transfer income in total and income of pension, unemployment benefit, child benefit, social assistance and housing support; property income; other monetary income; total income; income of last calendar month is typical income; employment status of household (employee or self-employed); received benefits through employer or workplace; received in-kind support from relatives, friends, churches or charity organisations; household member owning/renting a farm; household living on farm; farming type of household; garden or land available for subsistence agriculture; household receives food from relatives or friends; household practices aspects of subsistence economy. Demography: Sex; age; relation of household members; ethnicity; citizenship; respondent applied for citizenship in a Baltic country; household type; type of child care; household expenditure on childcare; highest level of general education of household members; highest vocational education of household members; household members currently attending school/studying; reasons for not attending school.

The study gives updated and policy-relevant information on living conditions in the three countries, with special focus on poverty and economic resources, housing and residential environment, education, the labour market (unemployment, working conditions), social integration, health (contact with health institutions, coverage of medical insurance, private caretakers etc.), crime and security. Topics: 1.) Housing conditions/residential environment 2.) Labour Force 3.) Economic self-assessment 4.) Income 5.) Working conditions 6.) Health condition 7.) Crime, security and violence 8.) Migration 9.) Attitudes, values and political views 10.) Social contacts Demography 1.) Dwelling type; owner of dwelling; becoming owner of dwelling; quality of amenities; problems paying for rent or communal services; owing money for rent or communal services; number of rooms available to the household; dwelling space in square meters; damp/humid rooms and ability to keep home adequately warm; dwellings’ exposure to noise; exhausts from traffic/industry in vicinity of dwelling; respondents’ satisfaction with housing conditions; condition of dwelling; plans for removal to another dwelling; reasons for planning of removal to another dwelling; supply with consumer goods. 2.) Household members’ occupation last week; absence of occupation last week; reason for absence of occupation last week; actively seeking work; reasons for not seeking work; ways of seeking work; number of months seeking work; general availability for work; paid work in last 12 months; household members’ reason for stopping work; status in employment; full-time or part-time job; working hours at main job; additional jobs; working hours at additional jobs; seeking additional work. 3.) Capacity to get things that people sometimes cannot afford; economic situation of household; possibility to raise money for a sudden need; current economic situation compared with situation 5 years ago; assessment of future economic situation.. 4.) Main contributor to household budget; wage income; self employment income non-agricultural; self employment income agricultural; non-government transfer income; government transfer income in total and income of pension, unemployment benefit, child benefit, social assistance and housing support; property income; other monetary income; total income; income of last calendar month is typical income; employment status of household (employee or self-employed); received benefits through employer or workplace; received in-kind support from relatives, friends, churches or charity organisations; household member owning/renting a farm; household living on farm; farming type of household; garden or land available for subsistence agriculture; household receives food from relatives or friends; household practices aspects of subsistence economy. 5.) Currently employed; paid or unpaid employee; occupational status; type of employment contract; public or private ownership of company; vocational or professional training last 12 months; work schedule; preference for working hours per week; inconveniences respondent is exposed to; stressful and unhealthy working conditions; number of employees at workplace; assessment of good and bad aspects of working conditions; delays in receiving salary; longest delay in the last 12 months; assessment of job security for the next 2 years; working conditions compared with 5 years ago. 6.) State of health in general; chronic illness or disabilities; afflictions in daily life; contact with health care institutions (public or private), reason for visit and mode of paying for service; duration of habitation in health institutions; health problems during last week; intake of sedatives or psychotropics last 6 months, prescribed by a doctor; medical services not used because of lack of money the last 12 months; health insurance of household members; health insurance of respondent; respondent has to pay for health insurance; health-conscious behaviour; consumption of alcoholic beverages (alcohol consumption); smoking habits; someone offered drugs to respondent the last 5 years; place where drugs have been offered to respondent. 7.) Experienced violence and reported to police; fear of assaults or threats; comportment of crime protection; household members are in possession of insurances 8.) Country of birth; respondent lived in dwelling since birth; occupancy in dwelling; duration of stay in community; place where respondent lived before mo...