Compared to the rest of Europe, the residents of the Baltic States rarely move house. People chiefly move for family-related reasons, reveals the new Baltic Household Outlook prepared by SEB. The residents of the Nordic countries move most often. As…
The financial situation of households in the Baltic States has improved thanks to favourable changes on the labour market and growth in mean wages, reveals the new economic analysis of Baltic households by SEB. Growth in people’s savings has significantly…
In an Estonian average, 5.7 years’ mean net wages have to be paid on a transaction with an apartment. In Harju County, wages are higher; however, real estate there is also the most expensive. As a result, far more –…
The average housing size in the European Union is 96 m2. However, in the Baltics, an average household must cope with 63–67 m2. A new financial analysis of Baltic households organized by SEB reveals that this is, in part, caused…
Colonna’s investors have acquired 18 retail properties in Estonia, housing Rimi and Säästumarket shops with a total lease area of 16,818 m2 of which five are located in Tallinn, the Estonian capital. The former owner of the properties was Kinnisvaravaldus,…
The volume of loans and leases to Estonian companies and households was the same at the end of August as in July at 15.8 billion euros. This meant the financing portfolio had increased by 3.5% since August last year. Annual…
Economic statistics for the past week revealed that the Estonian economy grew a lot more last year than was previously thought. The growth of GDP in the second quarter can also be regarded as being good. At the same time,…
Last week several updates on some important economic indicators were published. Unfortunately the news were mainly negative – industrial production is falling, orders are decreasing and employee’s pay is not growing from the company’s increasing income but from investments. Industry…
Cheaper energy behind deflation • Consumer prices dropped further in August • Cheaper energy behind the decline in prices • Inflation expected at -0.2% in 2015 and +1.9% in 2016 August deflation numbers were in line with our expectations. In…
Why worry about wage growth? Wage growth accelerated again Not sustainable in the longer term Exports have to recover Wage growth accelerated again Gross wage growth has been around or above 5% since 2011. In the first half of 2015,…
The ending week will be remembered by many for the nervous decline of the stock markets. Despite these uncertain times, the global economy is on track for growth. In Estonia, initial data published for the economic performance of businesses in…
Data from Statistics Estonia show that the growth in average gross wages accelerated to 5.8% in the second quarter of 2015, from 4.5% in the first quarter. Tax changes that took effect this year supported the 7.3% rise in the…
On Friday of last week, Statistics Estonia published data on the second quarter employment rate collected during the labour force survey. Messages received from the labour market are somewhat contradictory – employment grew significantly in comparison with the first quarter,…
Rapid inflation, both before and after the economic crisis, made borrowing favourable in each of the Baltic States and reduced the point of depositing money – due to the rapid decrease in the purchasing power of money, real interest rates…
1. juulil 2015 jõustuvad uus ehitusseadus ja uus planeerimisseadus. Vastavalt nendele dokumentidele enam ei ole vaja saada ehitusluba väikeste kinnisvara objektide rekonstrueerimisel või laienemisel – piisab vaid kirjaliku teadaande esitamisest tööde alguse kohta. Kompaniide gruppi ERE Grupp juhatuse esimees Maksim…
