Estonian Real Estate Review, August 2021

The real estate market was still active in August, but not as hot as in spring. 2,084 apartment transactions were concluded in August, which is the same level as in June and July, including additional transactions. The activity of the market is characterised by a very low number of offerings – the number of transactions …

Estonian Real Estate Review, July 2021

Like in June, the number of transactions was influenced by the weather that was hotter than average, as well as the period of holidays – 2,015 apartment transactions were concluded during the month, which was slightly more than in June but several hundreds less than in some of the previous months. As the structure of …

Estonian Real Estate Review, June 2021

In comparison to the previous three months with 2,300+ apartment ownership transactions, June with its heat wave, holidays and lifted restrictions was already less active. The number of transactions ultimately ended at 1,982 – in the short perspective this was a drop but in the long perspective the market still continues at the top of …

Estonian Real Estate Review, May 2021

The real estate was active also in May – some think it is a boom, others find that it is simply a situation where statistics are boosted by transactions postponed last year; whatever the opinion, it is a fact that we have not seen such high results since spring 2007. As the restrictions are lifted, …

Estonian Real Estate Review, April 2021

Based on the transactions of March and April we can say that the period has been very active and looks like a boom. Regardless of the near-deficit of offering, we have not seen such activity since year 2007. The low offering has shortened the sales periods, we increasingly hear of overbidding, and as for new …

Estonian Real Estate Review, March 2021

In the past months, the real estate market has acquired boom-like characteristics: low offering has not yet managed to keep pace with high demand, and thus we can see sales activity and price increase that we could hardly even dream about six months ago. We will probably not see a drop in activity this year, …

Estonian Real Estate Review, February 2021

Despite the confusion, tighter restrictions and increased financial insecurity of families, the dominating expectation of the current market situation is quick control over the corona pandemic. Therefore, the demand is high and 1,889 sales-purchase transactions were concluded in February, which was even more than in January. The bottleneck of the current market is the small …

Estonian Real Estate Review, January 2021

The rollercoaster characterising the real estate market of year 2020 is replaced with stability in 2021. Regardless of the continued suffocating environment of the corona pandemic, forward-looking consumer behaviour is reflected in both the stock market and the real estate market, giving reason to a simplified statement that fear of inflation outweighs the fear of …

More purchase requests than good offers

The current real estate market is increasingly characterized by the contrary situation – the desire to buy is great, but there are fewer and fewer suitable offers. Most people are looking for large, high-quality apartments for their home and more exciting, special living spaces for investing. Although the decrease in offers at the beginning of …

Estonian Real Estate Review, December 2020

The year that ended was turbulent in the real estate market. Various bold predictions were made considering the recess in April some of which came true (growing interest in real estate located in low density area, failure of short-term lease market) and some of which did not come true (a large price drop in the …