According to statistics from the Bank of Estonia, Estonians have recently started taking out loans more often. While the increase in mortgage loans indicates a revival in the real estate market, the sharp increase in consumer loans is more likely to indicate problems with everyday expenses. :format(webp)/nginx/o/2023/09/22/15609035t1h7961.jpg)
Empty wallet. Illustrative photo Photo: Unsplash
According to statistics from the Bank of Estonia , Estonians have recently started taking out loans more often. While the growth in mortgage loans indicates a revival in the real estate market, the sharp increase in consumer loans rather hints at problems with everyday expenses.
Translation: Valeria Ermakova
In the second quarter of last year, the volume of new consumer loans, other types of leasing and installments amounted to 241.4 million euros. A year later, in the second quarter of this year, this amount increased to 318.6 million euros.
