Estonia's house price rises are surging again
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Estonia has low interest rates, and moderate to good rental yields. Little wonder that despite weak economic growth, during 2016 the average price of apartments in Tallinn increased 12% (9.54% inflation-adjusted) to €1,744 per square metre (sq. m), according to OberHaus. This was a sharp increase from the price rises of 3.87% the previous year. During the last quarter of 2016, apartment prices in Tallinn rose by 3.2% q-o-q (3% inflation-adjusted).
This is in line with national figures released by Statistics Estonia. The average price of Estonian dwellings rose nationally by 10.66% (9.25% inflation-adjusted) in 2016, to €1,148 per sq. m..
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