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…
In 2015, economic growth amounted to 1.1% in Estonia as the volumes of stocks and exports decreased. We expect GDP growth to accelerate to 2.3% in 2016 on the back of higher exports and investments. In 2015, economic growth reached…
Low interest rates and good access to funding, volatile global stock markets and low yields in the bond market are contributing factors to the great interest of properties Northern in Europe. Demographic challenges create opportunities in the property market. Continued…
According to the flash estimate of Statistics Estonia, GDP grew by 0.7% yoy in Estonia in 4Q 2015. The growth rate met our expectations. Compared to the previous quarter, GDP grew by 1.2% (seasonally and working day adjusted). In 2015,…
In Tallinn, affordability rose by 4.9 points in the third quarter of this year compared with the same period in 2014, mainly due to a 7.9% rise in net wages, which was higher than apartment price growth for the first…
A survey by SEB shows that in terms of current income levels and property prices, residents in the Baltic capitals can now become owners of bigger standard flats of dormitory suburbs than a year ago. SEB home purchasing power index*…
Both seasonally adjusted quarterly wage growth and average annual wage growth were faster than in the second quarter Wages in accommodation and catering rose by 16.9% Data from Statistics Estonia show that the average gross monthly wage was up 6.9%…
The dual-track economic picture in Eastern (including Central) Europe will persist over the next two years. Conflict-plagued Russia and Ukraine will show continued weakness. In Russia, recession will linger during 2016 too, as plunging oil prices rebound only weakly and…
A survey by SEB shows that in terms of current income levels and property prices, residents in the Baltic capitals can now become owners of bigger flats than a year ago. The SEB home purchasing power index* has improved thanks…
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…
Growth of house prices one of the fastest in Europe House prices have grown faster than households’ incomes Surge in supply should slow future price growth Growth of house prices one of the fastest in Europe Of the 27 countries…