In an Estonian average, 5.7 years’ mean net wages have to be paid on a transaction with an apartment. In Harju County, wages are higher; however, real estate there is also the most expensive. As a result, far more – 7.4 years’ wages – has to be paid on an average transaction with an apartment in the capital and its vicinity.
On an average transaction with an apartment, sellers of real estate charge 5.8 years’ wages in Tartu County and 4.1 years’ wages in Pärnu County.
In recent years, the rise in the value of transactions with apartments has significantly outpaced incomes: that is, measured in wages, the value of a transaction with an apartment has grown rapidly. In other words, the purchasing power of residents in Harju and Tartu Counties has been declining since 2010.
In Pärnu County, by contrast, the value of transactions with apartments has changed over time more or less in step with incomes. This means that purchasing power has not changed significantly in this county in recent years.