{
  "id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "generated_at": "2026-07-15T09:23:46.488642+00:00",
  "last_refresh": "2026-07-13",
  "source": "ECB MIR monthly new housing loans adjusted with Eurostat total dwelling house price index, and Eurostat residential building permit data; mortgage series smoothed with a 3-month moving average before rebasing and weighting.",
  "source_description": "Monthly Estonia housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
  "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Estonia Housing Market Activity",
    "indicator_description": "Monthly Estonia housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Estonia Housing Market Activity",
    "description": "Monthly Estonia housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "source": "ECB MIR monthly new housing loans adjusted with Eurostat total dwelling house price index, and Eurostat residential building permit data; mortgage series smoothed with a 3-month moving average before rebasing and weighting.",
    "source_description": "Monthly Estonia housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "visibility": "paid",
    "updated_at": "2026-07-13T10:34:51.038196Z",
    "last_refresh": "2026-07-13",
    "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "EE"
    ],
    "geo_included": [
      "EE"
    ],
    "page_slug": "estonia-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/estonia-housing-market-activity/",
    "chart_type": "line",
    "series_type": "single",
    "frequency": "monthly",
    "units": "Index (2019 = 100)",
    "legend": false,
    "featured_topic": true,
    "featured_subtopic": true,
    "featured_rank_topic": 5,
    "featured_rank_subtopic": 4,
    "chart_title": "Estonia Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Estonia Furniture Market Hub",
        "url": "/market/estonia-furniture-market-hub/",
        "label": "Market hub"
      },
      {
        "title": "Estonia Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/estonia-furniture-retail-turnover/",
        "label": "Retail"
      },
      {
        "title": "Estonia Furniture Consumer Market Size",
        "url": "/indicators/retail/market-size/estonia-furniture-consumer-market-size/",
        "label": "Market size"
      },
      {
        "title": "Latvia Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/latvia-housing-market-activity/",
        "label": "Housing"
      }
    ],
    "taxonomy_path": [
      "macroeconomics",
      "housing",
      "market-activity"
    ],
    "taxonomy_labels": [
      "Macroeconomics",
      "Housing",
      "Market activity"
    ],
    "taxonomy_nodes": [
      {
        "id": "macroeconomics",
        "label": "Macroeconomics",
        "has_page": true,
        "sort_order": 30
      },
      {
        "id": "housing",
        "label": "Housing",
        "has_page": true,
        "sort_order": 20
      },
      {
        "id": "market-activity",
        "label": "Market activity",
        "has_page": false,
        "sort_order": 10
      }
    ],
    "taxonomy_page_path": [
      "macroeconomics",
      "housing"
    ],
    "taxonomy_page_labels": [
      "Macroeconomics",
      "Housing"
    ],
    "taxonomy_collection": "market-activity",
    "taxonomy_collection_label": "Market activity",
    "entity": {
      "type": "country",
      "geo": [
        "EE"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "46cfd238c499270bfda2d6509444c6b57aa2b19ead57c6c455328de49c80bccc",
    "trend_summary": "The Estonia Housing Market Activity indicator shows distinct phases over the observed period. Starting from a low point in early 2016, the index experienced a general upward trend, peaking in mid-2024 at 149.0. Recent data indicates a decline, with the latest level at 128.5, which is above the historical average but below the peak. Year-over-year comparisons suggest a downward momentum, with decreases of 9.8% over three months, 13.0% over six months, and 5.8% over twelve months. The year 2025 stands out with a notably high average of 135.4, reflecting significant activity during that period.",
    "trend_summary_generated_at": "2026-07-15T09:23:53.474223+00:00",
    "key_findings": [
      "Estonia housing activity is strong versus its 2019 baseline, giving a supportive signal for home-related demand.",
      "Read alongside Estonia Furniture Retail Market Size and Estonia Furniture Consumer Market Size, housing activity adds context to furniture demand conditions.",
      "Recent movement is broadly sideways, so the housing signal is not yet showing a clear new impulse."
    ],
    "key_findings_source": "deterministic_related_context",
    "chart_alt_text": "Line chart for Estonia Housing Market Activity in index points. The series runs from 2016-01-01 to 2026-05-01; the latest value is 128.5 index points. The peak is 149 index points in 2024-06-01."
  },
  "data": [
    {
      "date": "2016-01-01",
      "geo": "EE",
      "value": 76.94
    },
    {
      "date": "2016-02-01",
      "geo": "EE",
      "value": 81.8
    },
    {
      "date": "2016-03-01",
      "geo": "EE",
      "value": 87.23
    },
    {
      "date": "2016-04-01",
      "geo": "EE",
      "value": 92.47
    },
    {
      "date": "2016-05-01",
      "geo": "EE",
      "value": 99.45
    },
    {
      "date": "2016-06-01",
      "geo": "EE",
      "value": 98.19
    },
    {
      "date": "2016-07-01",
      "geo": "EE",
      "value": 99.0
    },
    {
      "date": "2016-08-01",
      "geo": "EE",
      "value": 94.73
    },
    {
      "date": "2016-09-01",
      "geo": "EE",
      "value": 96.16
    },
    {
      "date": "2016-10-01",
      "geo": "EE",
      "value": 96.62
    },
    {
      "date": "2016-11-01",
      "geo": "EE",
      "value": 97.26
    },
    {
      "date": "2016-12-01",
      "geo": "EE",
      "value": 97.35
    },
    {
      "date": "2017-01-01",
      "geo": "EE",
      "value": 102.81
    },
    {
      "date": "2017-02-01",
      "geo": "EE",
      "value": 100.18
    },
    {
      "date": "2017-03-01",
      "geo": "EE",
      "value": 100.92
    },
    {
      "date": "2017-04-01",
      "geo": "EE",
      "value": 101.23
    },
    {
      "date": "2017-05-01",
      "geo": "EE",
      "value": 107.86
    },
    {
      "date": "2017-06-01",
      "geo": "EE",
      "value": 110.07
    },
    {
      "date": "2017-07-01",
      "geo": "EE",
      "value": 107.68
    },
    {
      "date": "2017-08-01",
      "geo": "EE",
      "value": 104.93
    },
    {
      "date": "2017-09-01",
      "geo": "EE",
      "value": 102.19
    },
    {
      "date": "2017-10-01",
      "geo": "EE",
      "value": 109.78
    },
    {
      "date": "2017-11-01",
      "geo": "EE",
      "value": 108.8
    },
    {
      "date": "2018-01-01",
      "geo": "EE",
      "value": 98.25
    },
    {
      "date": "2018-02-01",
      "geo": "EE",
      "value": 95.58
    },
    {
      "date": "2018-03-01",
      "geo": "EE",
      "value": 95.41
    },
    {
      "date": "2018-04-01",
      "geo": "EE",
      "value": 98.93
    },
    {
      "date": "2018-05-01",
      "geo": "EE",
      "value": 105.43
    },
    {
      "date": "2018-06-01",
      "geo": "EE",
      "value": 107.15
    },
    {
      "date": "2018-07-01",
      "geo": "EE",
      "value": 104.64
    },
    {
      "date": "2018-08-01",
      "geo": "EE",
      "value": 99.66
    },
    {
      "date": "2018-09-01",
      "geo": "EE",
      "value": 96.49
    },
    {
      "date": "2018-11-01",
      "geo": "EE",
      "value": 102.23
    },
    {
      "date": "2018-12-01",
      "geo": "EE",
      "value": 97.47
    },
    {
      "date": "2019-01-01",
      "geo": "EE",
      "value": 88.4
    },
    {
      "date": "2019-02-01",
      "geo": "EE",
      "value": 84.42
    },
    {
      "date": "2019-03-01",
      "geo": "EE",
      "value": 88.67
    },
    {
      "date": "2019-04-01",
      "geo": "EE",
      "value": 98.75
    },
    {
      "date": "2019-05-01",
      "geo": "EE",
      "value": 105.57
    },
    {
      "date": "2019-06-01",
      "geo": "EE",
      "value": 107.23
    },
    {
      "date": "2019-07-01",
      "geo": "EE",
      "value": 111.88
    },
    {
      "date": "2019-09-01",
      "geo": "EE",
      "value": 108.1
    },
    {
      "date": "2019-10-01",
      "geo": "EE",
      "value": 105.43
    },
    {
      "date": "2019-11-01",
      "geo": "EE",
      "value": 102.25
    },
    {
      "date": "2019-12-01",
      "geo": "EE",
      "value": 99.3
    },
    {
      "date": "2020-02-01",
      "geo": "EE",
      "value": 98.35
    },
    {
      "date": "2020-03-01",
      "geo": "EE",
      "value": 102.59
    },
    {
      "date": "2020-04-01",
      "geo": "EE",
      "value": 104.71
    },
    {
      "date": "2020-05-01",
      "geo": "EE",
      "value": 102.18
    },
    {
      "date": "2020-06-01",
      "geo": "EE",
      "value": 93.3
    },
    {
      "date": "2020-08-01",
      "geo": "EE",
      "value": 97.85
    },
    {
      "date": "2020-09-01",
      "geo": "EE",
      "value": 104.76
    },
    {
      "date": "2020-10-01",
      "geo": "EE",
      "value": 95.62
    },
    {
      "date": "2020-11-01",
      "geo": "EE",
      "value": 99.83
    },
    {
      "date": "2020-12-01",
      "geo": "EE",
      "value": 98.4
    },
    {
      "date": "2021-01-01",
      "geo": "EE",
      "value": 106.26
    },
    {
      "date": "2021-02-01",
      "geo": "EE",
      "value": 105.59
    },
    {
      "date": "2021-03-01",
      "geo": "EE",
      "value": 115.95
    },
    {
      "date": "2021-04-01",
      "geo": "EE",
      "value": 125.8
    },
    {
      "date": "2021-05-01",
      "geo": "EE",
      "value": 132.67
    },
    {
      "date": "2021-06-01",
      "geo": "EE",
      "value": 123.61
    },
    {
      "date": "2021-07-01",
      "geo": "EE",
      "value": 118.48
    },
    {
      "date": "2021-08-01",
      "geo": "EE",
      "value": 110.66
    },
    {
      "date": "2021-09-01",
      "geo": "EE",
      "value": 115.73
    },
    {
      "date": "2021-10-01",
      "geo": "EE",
      "value": 117.72
    },
    {
      "date": "2021-11-01",
      "geo": "EE",
      "value": 125.0
    },
    {
      "date": "2021-12-01",
      "geo": "EE",
      "value": 124.86
    },
    {
      "date": "2022-01-01",
      "geo": "EE",
      "value": 117.86
    },
    {
      "date": "2022-02-01",
      "geo": "EE",
      "value": 112.2
    },
    {
      "date": "2022-03-01",
      "geo": "EE",
      "value": 115.32
    },
    {
      "date": "2022-04-01",
      "geo": "EE",
      "value": 110.15
    },
    {
      "date": "2022-05-01",
      "geo": "EE",
      "value": 118.39
    },
    {
      "date": "2022-06-01",
      "geo": "EE",
      "value": 114.01
    },
    {
      "date": "2022-07-01",
      "geo": "EE",
      "value": 111.73
    },
    {
      "date": "2022-08-01",
      "geo": "EE",
      "value": 104.26
    },
    {
      "date": "2022-09-01",
      "geo": "EE",
      "value": 102.53
    },
    {
      "date": "2022-10-01",
      "geo": "EE",
      "value": 106.58
    },
    {
      "date": "2022-11-01",
      "geo": "EE",
      "value": 102.83
    },
    {
      "date": "2022-12-01",
      "geo": "EE",
      "value": 95.07
    },
    {
      "date": "2023-01-01",
      "geo": "EE",
      "value": 83.94
    },
    {
      "date": "2023-02-01",
      "geo": "EE",
      "value": 80.14
    },
    {
      "date": "2023-03-01",
      "geo": "EE",
      "value": 90.22
    },
    {
      "date": "2023-04-01",
      "geo": "EE",
      "value": 89.31
    },
    {
      "date": "2023-05-01",
      "geo": "EE",
      "value": 99.75
    },
    {
      "date": "2023-06-01",
      "geo": "EE",
      "value": 97.36
    },
    {
      "date": "2023-07-01",
      "geo": "EE",
      "value": 102.57
    },
    {
      "date": "2023-08-01",
      "geo": "EE",
      "value": 98.01
    },
    {
      "date": "2023-09-01",
      "geo": "EE",
      "value": 94.61
    },
    {
      "date": "2023-10-01",
      "geo": "EE",
      "value": 100.67
    },
    {
      "date": "2023-11-01",
      "geo": "EE",
      "value": 97.08
    },
    {
      "date": "2023-12-01",
      "geo": "EE",
      "value": 91.24
    },
    {
      "date": "2024-01-01",
      "geo": "EE",
      "value": 78.25
    },
    {
      "date": "2024-02-01",
      "geo": "EE",
      "value": 85.39
    },
    {
      "date": "2024-03-01",
      "geo": "EE",
      "value": 100.17
    },
    {
      "date": "2024-04-01",
      "geo": "EE",
      "value": 128.15
    },
    {
      "date": "2024-05-01",
      "geo": "EE",
      "value": 141.15
    },
    {
      "date": "2024-06-01",
      "geo": "EE",
      "value": 148.96
    },
    {
      "date": "2024-07-01",
      "geo": "EE",
      "value": 135.06
    },
    {
      "date": "2024-08-01",
      "geo": "EE",
      "value": 126.56
    },
    {
      "date": "2024-09-01",
      "geo": "EE",
      "value": 120.68
    },
    {
      "date": "2024-10-01",
      "geo": "EE",
      "value": 120.51
    },
    {
      "date": "2024-11-01",
      "geo": "EE",
      "value": 127.29
    },
    {
      "date": "2025-01-01",
      "geo": "EE",
      "value": 147.98
    },
    {
      "date": "2025-02-01",
      "geo": "EE",
      "value": 141.93
    },
    {
      "date": "2025-03-01",
      "geo": "EE",
      "value": 137.47
    },
    {
      "date": "2025-04-01",
      "geo": "EE",
      "value": 131.22
    },
    {
      "date": "2025-05-01",
      "geo": "EE",
      "value": 137.14
    },
    {
      "date": "2025-06-01",
      "geo": "EE",
      "value": 138.29
    },
    {
      "date": "2025-07-01",
      "geo": "EE",
      "value": 138.55
    },
    {
      "date": "2025-08-01",
      "geo": "EE",
      "value": 134.87
    },
    {
      "date": "2025-09-01",
      "geo": "EE",
      "value": 136.17
    },
    {
      "date": "2025-10-01",
      "geo": "EE",
      "value": 129.13
    },
    {
      "date": "2025-11-01",
      "geo": "EE",
      "value": 128.37
    },
    {
      "date": "2025-12-01",
      "geo": "EE",
      "value": 123.73
    },
    {
      "date": "2026-01-01",
      "geo": "EE",
      "value": 114.1
    },
    {
      "date": "2026-02-01",
      "geo": "EE",
      "value": 112.45
    },
    {
      "date": "2026-03-01",
      "geo": "EE",
      "value": 115.2
    },
    {
      "date": "2026-04-01",
      "geo": "EE",
      "value": 122.37
    },
    {
      "date": "2026-05-01",
      "geo": "EE",
      "value": 128.5
    }
  ]
}