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 …
Category: Property sales
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 …
In the real estate market, emotional factors do not play a significant role
The current state of the real estate market can be likened to that of a grocery store, where purchases are primarily driven by necessity or attractive pricing, while high-end emotional acquisitions occur less frequently. Despite the absence of a notable decline in average square meter prices, the market is currently experiencing a downturn, evidenced by …
Market overview: Prices decline in Tallinn and overall Estonia
August saw increased activity in the apartment market in Estonia, but both Estonia as a whole and Tallinn experienced a decline in prices. However, transactions for some apartments are happening very quickly. Looking at the dynamics of buying activity, it is clear that interest in second-hand residential properties is steadily growing. Successful transactions are mainly …
In June, the real estate market experienced a slowdown, while prices continued to rise
The hot summer month of June caused a decrease in transaction activity in the real estate market, while prices increased in several areas. Clear patterns are emerging regarding the level of interest in different price groups. Many have raised a legitimate question about why there is talk of a downturn in the real estate market …
The developments significantly raised the price level in Tallinn
In general, the Estonian real estate market became somewhat more active again in May, and average price levels also increased. New developments took the lead in larger cities. In broad terms, May continued with the sentiments we experienced in previous months. Spring has traditionally been a more active period both in terms of property visits …