Real Residential Property Prices for Estonia
QEER628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
190.93
Year-over-Year Change
-3.51%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Residential Property Prices for Estonia measures the change in residential property values over time, adjusted for inflation. This metric is crucial for economists and policymakers to assess housing market conditions and affordability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the prices of existing and new residential properties in Estonia, providing a comprehensive measure of the real estate market. It is a key indicator used to evaluate the overall health of the housing sector and its impact on the broader economy.
Methodology
The data is collected and calculated by the Bank for International Settlements using a variety of sources, including national statistical agencies and real estate industry data.
Historical Context
The Real Residential Property Prices for Estonia is widely used by central banks, financial institutions, and economic analysts to inform policy decisions and investment strategies.
Key Facts
- Estonia's real residential property prices have increased by over 50% since 2015.
- The real estate sector accounts for approximately 10% of Estonia's GDP.
- Rapid price growth has raised concerns about housing affordability in major Estonian cities.
FAQs
Q: What does this economic trend measure?
A: The Real Residential Property Prices for Estonia index measures the change in residential property values over time, adjusted for inflation. It provides a comprehensive view of the real estate market in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess housing market conditions and affordability, which can have significant implications for consumer spending, investment, and overall economic stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements using a variety of sources, including national statistical agencies and real estate industry data.
Q: How is this trend used in economic policy?
A: The Real Residential Property Prices for Estonia is widely used by central banks, financial institutions, and economic analysts to inform policy decisions and investment strategies related to the housing market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, and there may be some delays in reporting due to the time required to collect and analyze the underlying information.
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Citation
U.S. Federal Reserve, Real Residential Property Prices for Estonia (QEER628BIS), retrieved from FRED.