February 27, 2023

6-month Euribor breaks 2.9%

The six-month European Interbank Offered Rate (Euribor), to which most home loans in Estonia are pegged, has risen above 2.9%. The Euribor rate, which has remained negative since November 2015, hit zero in June 2022 and has been rising rapidly ever since. At the end of August, Euribor had already overcome the 1% mark, and…

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What’s going on with rental property prices?

According to statistics, compared to last year, the average cost of renting an apartment in Estonia has increased by about 20%. The biggest changes are seen in Tallinn and Tartu, where housing seekers have to count on price increases of up to 50%. If last year an average apartment was rented out for 499 euros,…

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