Statistics: Apartment prices rise over 23 percent on year to October ({{contentCtrl.commentsTotal}})

Residential houses in Tallinn.
Residential houses in Tallinn. Source: Siim Lõvi /ERR

Average apartment prices per square meter in Estonia rose over 23 percent on year to October. In Tallinn, prices grew over 6 percent over the same period.

Estonia outside Tallinn

Nationwide, average apartment prices per square meter rose 23.1 percent on year, to €940.1, and 3.1 percent on the preceding month.

The median price-per-square-meter for apartments outside Tallinn stood at €820.68, 49.5 percent higher than the previous year. Compared with September, the median price increased 16.8 percent.

Outside Tallinn, 1,249 apartment transactions took place in October, valuing €74 million, compared with 1,320 transactions costing €74.6 million in September and 1,217 transactions, costing €56.5 million, in October 2019.

Tallinn

Tallinn apartment prices grew 6.3 percent on year to October 2020, to €2,165.28.

This represents a 0.9 percent rise on the previous month, according to the Land Board (Maa-amet).

The median, as opposed to mean, price-per-square meter of apartments in Tallinn meanwhile rose 6.9 percent on year to €2,105.41, with a 1.8 percent rise on the previous month.

A total of 923 apartment transactions worth €107 million took place in Tallinn in October, compared with 847 transactions worth €102.2 million euros in September.

In October 2019, 906 transactions worth €106.8 million were concluded in the capital.

Land Board figures can be subject to change after data is adjusted.

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Editor: Andrew Whyte

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