European Central Bank cuts main interest rate by 0.25 points
The European Central Bank has eased pressure on borrowers across the eurozone by cutting its main interest rate for the first time in almost five years. Citing a sustained fall in inflation, the ECB announced a cut in its deposit rate to 3.75% from a record high of 4%. This puts it ahead of the […]
Which are the best deal for estate agents?
Which are the best deal for estate agents? We here at MoneyHub asked Estonia’s best-known agents to quote their rates against multiple properties in and around Tallinn.
Nearly everything you need to know about loans
Borrowing money as a loan can be used for almost anything, from little emergencies to long-term purchases like a home. Before you take out a loan, read how they work, what they cost and what borrowers should consider before applying for a loan.
What is debt consolidation?
If you have many different debts and are worried about repaying them all each month, then a debt consolidation loan is for you. Debt consolidation consolidates your existing debt into a more manageable monthly payment.
5 tips for choosing a forex broker
5 tips for choosing a forex broker 5 tips for choosing a forex broker If your considering becoming a day a trader in the foreign exchange market, you will find numerous online forex brokers are vying for your business. Visit any financial news website, and you’ll be inundated with many internet adverts from these brokers. […]
How to compare short-term loans online
With families struggling to make ends meet and access to traditional forms of credit drying up. More and more of us are turning to short-term loan lenders to help in times of financial crisis.
If you’re considering taking out a short-term loan, it’s essential to know what you’re applying for and if you are getting the best deal for your finances. Understanding how to compare short-term loans online is the best way to make the right choice.
To ensure that you take out the right short-term loan, you must compare which loan against others suits you best. To help you, MoneyHub aims to list all short-term loan companies must list their loans on loan comparison websites.
However, how do you compare short-term loans online?
MoneyHub has written a detailed guide on comparing short-term loans online as an alternative for loans and credit.
How to find instalment loans
Need to find the best instalment loans online? Then look no further as MoneyHub explains what they are how to compare them.
How to manage your personal debt [14 strategies]
How to manage your personal debt [14 strategies] If you use credit wisely, you could avoid risking more debt. Now it’s time to get credit smart and manage your personal debt. Like or loathe it, credit is part of our lives and is often associated with unmanageable debt. Credit reports and credit scores act as […]
The MoneyHub guide to booking holidays
Holidays should be fun-filled and memorable whether on your own, with a loved one or with family.
Sadly, it doesn’t always work out that way. The internet is swarming with tales of dodgy hotels, crammed tours with other tourists, flight delays and over-priced car rentals.
When this happens, your holiday excitement is ruined in minutes.
With summer just passed, many of us are considering our next holiday. This MoneyHub guide covers every stage of your holiday so that you can book and travel with the knowledge that you have the best deal.
The most reliable way to navigate the tangled network of routes and airlines and routes is to use a travel comparison website or airline aggregator like
Skyscanner
to find the cheapest option. Skyscanner also lists countries and their COVID restrictions depending on where you are permitted to fly to and from your original destination.
What is a loan originator?
Within P2P investing, investors would have noticed the term loan originator on the peer-to-peer investing platform. But what roles do loan originators play?
Estonian property market sees 33% drop in transactions
Estonian property market sees 33% drop in transactions YoY; No Immediate Revival Expected Despite ECB Holding Off Rate Hikes
Despite the European Central Bank (ECB) pausing interest rate increases, experts foresee no quick recovery for Estonia’s flagging housing market. Since last autumn, the ECB has raised rates ten times to counter inflation. This has discouraged new lending and affected existing loan holders, states Risto Vähi, an analyst at Uus Maa.
Year-on-year data reveals one-third fewer property transactions, confirms Vähi. Mihkel Eliste of Arco Vara has observed a declining trend since the spring-summer period of 2022. He notes the apartment market is roughly at 2015-2016 levels. For high-end housing, the market in some areas has regressed to 2013 or 2014 conditions.
Both Eliste and Vähi concur that an easing of interest rates will not spur a fast drop in credit costs or stimulate the housing market. Furthermore, the liquidity for residences priced above €250,000 has weakened, while the secondary market for apartments remains competitive.
Vähi remains cautiously optimistic that rate hikes have plateaued but does not anticipate a significant decline anytime soon.
Getting more from your food basket comparison
A comparison of online shopping baskets revealed a surprising result: food prices in major retail chains have dropped to levels seen a year ago.
For instance, a shopping cart at Rimi costs less now than in the past 11 months; last year, it was over €70, and now it’s under €63. Barbora’s cart is also €6 cheaper than last September. Data is collected on the 10th of each month. Prisma still hasn’t returned to its previous year’s prices and currently offers a cart that’s €5 more expensive. Selver’s prices are €2 higher than 11 months ago.
Rimi is experimenting with its pricing. Throughout the year, Prisma has offered the most stable and affordable prices. Barbora’s food prices rose until this April and then decreased. Rimi’s prices have fluctuated as they search for the right pricing strategy. Selver consistently has the highest prices.
Regardless of the general price level of the retail chain, all have returned to last autumn’s price level. Bread products have been the most stable in price across all chains.