The events of the past month did not bring positive sentiment to the Estonian real estate market: the economy has been in decline for nine consecutive quarters, there is still significant uncertainty regarding the economic environment, and the preference for parking money in fixed deposits has slowed the faster recovery of the real estate market. …
Category: News
April Market Overview – Real Estate Market Recovery is a Reality
April confirmed that the market recovery is a reality, although it’s premature to talk about significant shifts in a low consumer confidence environment. Preliminary data indicates that a total of 1690 apartment transactions were concluded across Estonia. This marked the best result of the year and surpassed last year’s April performance. Based on the first …
March Market Overview – March didn’t bring a market turning point
The real estate market in March remained low in terms of activity, confirming the stability observed over the past year, reminiscent of the levels seen in 2016. Transaction prices also remain stable – on one hand, a responsible lending environment and resilient labour statistics prevent prices from dropping, while on the other hand, economic downturns …
February Market Overview – Increase in Listings Leads to Price Adjustment
The real estate market continued with a 20-30% lower activity compared to the recent peak in February. As we don’t foresee significant growth in transaction volume this year and the number of listings is on the rise in both the sales and rental markets, we can expect to continue seeing a need for sellers to …
January market overview – borrowing becomes cheaper, purchasing power improves, and prices slightly dip
The Estonian apartment market continues on the wave of stability, but due to changes in transaction structure, we also anticipate statistical price declines this year. Although at first glance the number of transactions in January may seem alarmingly low to some, it is actually quite typical for the seasonal patterns of the Estonian real estate …
The best time to purchase real estate comes before the decline of Euribor
According to Igor Habal, the leading analyst and board member of Estonia’s largest real estate agency Uus Maa, the most favorable time to buy real estate is likely in the first half of this year, at the peak of low consumer confidence, before the first significant drop in the Euribor rate. Igor Habal states that …
The Real Estate Market Remains Quiet Until The Arrival of Spring
The Estonian real estate market has entered a “ticking” phase, where revolutionary events are not expected until spring. The statistical aspect of the apartment market in October was characterized by a decrease in the prices of second-hand apartments, an increase in the prices of new living spaces, and a downturn in sales transactions. True, since …
Real Estate Market Situation: Homes Are Still in Demand
To be completely candid, it seems that not a single day has gone by in the past couple of months without someone asking me – what is happening in the real estate market? Is it at a standstill or even on the decline? There is still a lot of uncertainty about the future – how …
Families Are Rediscovering Tallinn’s Old Town
Tallinn’s Old Town is experiencing a resurgence in popularity among families, both local residents and those returning from abroad. This UNESCO World Heritage Site has been a favorite among expatriates for many years, offering a unique opportunity to invest in its rich heritage at reasonable prices for rental income or personal use. However, recent trends …
Viimsi: A Premier Choice for Residency – 15 Compelling Reasons
Viimsi boasts a highly sought-after comprehensive living environment where contemporary architecture and modern living standards coexist with pristine and beautiful natural surroundings. Viimsi is located a mere 15 kilometers from the heart of Tallinn. Kairi Vanem, an agent at Uus Maa Luxum, presents 15 compelling reasons why living in Viimsi is an excellent choice. Proximity …