Swedbank Economic Outlook presents the latest economic forecasts for Sweden, the Nordic and Baltic countries and the major global economies. In this update, current issues that have a bearing on economic developments are analysed. Global – Strong growth momentum The…
The housing affordability index (HAI) increased to 159.9 in Tallinn, 183.5 in Riga, and 129.4 in Vilnius. In Tallinn, affordability increased by 0.2 point in the second quarter of 2017 compared with the same period in 2016, as wage growth…
The housing affordability index (HAI) increased to 171.2 in Riga and record high of 134.7 in Vilnius, but decreased to 146.4 in Tallinn. In Tallinn, affordability decreased by 7.3 points in the first quarter of this year compared with the…
The number of transactions at the Tallinn apartment market is high and on an upward trend; also, the transaction prices are rising. The vast number of transactions and other positive trends of property market are to a large extent backed…
Global: Signs of a considerable cyclical upturn in advanced economies. Inflation pressure increases, but remains low in many regions. Political risks remain although they have decreased somewhat. Sweden: Growth broadens as an upswing in exports is paired with the strong…
In Tallinn, affordability decreased by 1.6 points in the fourth quarter of last year compared with the same period in 2015, as price growth outpacednwage growth. In Riga, the HAI increased by 25.5 points as prices and interest rates decreased.…
Notwithstanding political squalls blowing louder than ever, the global economy is forging ahead. The acceleration in economic growth and inflation are bringing us closer to an environment that we are accustomed to seeing as normal. Nevertheless, the spreading of protectionist…
The housing affordability index (HAI) increased to 162.5 in Riga, but decreased to 145.9 in Tallinn and to 124.3 in Vilnius In Tallinn, affordability decreased by 0.8 point in the third quarter this year compared with the same period in…
SEB’s analysis shows that a resident of Tallinn with an average income needs about three years to set aside enough money for the down payment to buy a standard apartment in a dormitory district or new development. In Q2 2016,…
The events in the economy and politics over the last half-year have been unexpected. The UK referendum, the state of the US presidential election, the increase in popularity of extremist parties in Europe, and the diverging from democracy in some…
The surge in supply has almost halted price growth Construction sector investments low Real estate prices relative to income stay below 12-year average Price – it is all about demand and supply In the first quarter of 2016, price growth…
According to the SEB home purchasing power index, in the first quarter of the year a person living in Tallinn and earning an average income was able to purchase 42.4 square metres of new living space in a dormitory district,…
There are an increasing number of media mentions about negative interest rates as more developed countries across the globe are entering a negative interest rates territory. Five central banks – the European Central Bank (ECB), the Denmark’s National bank, the…
According to the flash estimate of Statistics Estonia, GDP growth in Estonia accelerated to 1.7% yoy in 1Q 2016, while compared to the previous quarter (seasonally and working day adjusted) remained flat. On the supply side, continued robust growth of…
Analysis by SEB has revealed that 2015 saw the accessibility of new apartments improve in both Riga and Vilnius, yet decrease in Tallinn. Despite the decline, new apartments are more affordable in Estonia than in the capitals of Latvia or…
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