Valuation Methodology

Transparency is key. See how Estiq Value calculates value using official transaction data and H3 geospatial indexing.

1. Authoritative Data Sources

We do not guess. Our model digests thousands of official transaction records from the Estonian Land Board (Maa-amet) and building data from the Building Registry (Ehitisregister).

Transactions Building Year Location (H3)

2. Hyper-Local Comparison (H3)

Traditional valuation looks at "districts". We go deeper. We map every property to a hexagonal grid (Uber's H3 index).

This allows us to compare your apartment specifically with neighbors within a 300-500m radius, ensuring that a price in "Lasnamäe" reflects your specific street, not the other end of the district.

3. The Calculation Logic

Our Automated Valuation Model (AVM) follows a 3-step process:

Filter: Select confirmed sales of apartments with similar size (±15%) and building age (±5 years) from the last 12 months.
Adjust: Apply coefficients for condition (Renovated vs Needs Repair) and floor level.
Weight: Give higher importance to more recent sales and those geographically closer (same H3 cell).

Important: This is an automated estimate, not a certified appraisal (kutseline hindamine). Banks usually require a physical inspection by a certified appraiser for loan collateral. Estiq Value is a tool for market monitoring and price discovery.