Although there were no huge positive development leaps in the operating environment, there were still signs of renewed optimism in the residential property market. During the third quarter, we signed 32 contracts under the law of obligation (sales contract; 2024…
Although there were no huge positive development leaps in the operating environment, there were still some signs of renewed optimism in the residential property market during the quarter. During the second quarter, we signed 47 contracts under the law of…
During the past six months, consumer prices have not grown in Estonia. In October, prices were at the same level as in April this year. However, the average consumer basket is still about 30% more expensive than 2 years ago.…
In April, consumer prices increased by 13.5% compared to the same month last year and by 2.0% compared to the previous month. Compared to last month, prices rose quite a lot due to the end of government energy subsidies to…
The housing affordability index (HAI) slipped as abnormal price growth gained momentum. Falling affordability and purchasing power, as well as bleak expectations, are likely to curb demand and stifle price growth. The record-high housing affordability that we have seen over…
Card spending shows that people are slow in adjusting their spending habits despite collapsing purchasing power Card turnover, adjusted for inflation, has started limping in recent months People keep spending considerably more than last year or before the pandemic and…
The net asset value (NAV) of the EfTEN United Property Fund was 10.82 euros as of June 30, 2022, increasing by 1.8% over the month. Since the start of the fund in June 2021, the NAV of the fund has…
In June, consumer prices rose by 21.9% year-on-year and by 2.7% month-on-month. The price increase accelerated again in annual and monthly terms. Energy accounted for around 60% of the total increase in prices. The price of electricity has doubled, and…
Consumer prices increased by 20.0%, over the year, and 1.9%, over the month, in Estonia. Prices were lifted by more expensive energy and food. Energy accounted for two-thirds of the increase in the cost of the average consumption basket. Electricity…
Consumer prices rose more than expected in April. Prices grew by 18.8% year-on-year and 3.6% month-on-month. Inflation accelerated due to the end of government’s energy subsidies on electricity, gas, and central heating in March. Ukrainian refugees lifted rental prices, which…
In February consumer prices rose by 12.0%, year-on-year, and 1.5%, month-on-month. Prices were lifted mainly by energy and food, although the increase in consumer prices is becoming more widespread, as rising production costs and supply disruptions are affecting a large…
Wage growth was rapid in the fourth quarter of last year (+7.3%, over the year), but uneven, and lagged price rises. Swedbank estimates that the average net wage will increase by 6% this year, but consumer prices will increase even…
Consumer prices rose by 11.3% in a year and -0.1% in a month in Estonia. Although electricity and gas prices fell compared to December, food prices rose significantly. Food prices showed such a rapid month-on-month growth rate previously 15 years…
Prices increased by 12.2%, over the year, in December. Inflation reached 12% last time in the 1990s. More than half of the price increase came from higher energy prices, mainly electricity. The rise in consumer prices is expected to accelerate…
The average gross wage growth accelerated to 7.8% in the third quarter. Average wages have risen above pre-crisis levels in all sectors. Income inequality among wage earners has increased this year. Labor shortages and rising minimum wages keep wage growth…
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