Estonian Real Estate Review, March 2022

The war between Russia and Ukraine has brought some changes to the real estate market, even though its impact on the sales-purchase transactions in March was not too great. Bigger changes have taken place on the market of Tallinn, which is always the first one to respond, whether the news is positive or negative. In …

Estonian Real Estate Review, February 2022

The impacts of the war between Russia and Ukraine were still marginal in the real estate market in February, although after February 24th, the situation has drastically changed. As the situation is unpredictable, largely depending on the course of the war, various scenarios are possible. The market of developments shows that the rapid increase of …

Estonian Real Estate Review, January 2022

For the real estate market, year 2022 began with an energy shock. That has not brought along a price drop but has increased the number of sales and lease offers. Due to the large volume of new developments, the asking price has rather increased, but the growth in the number of listings implies longer sales …

Estonian Real Estate Review, December 2021

Year 2021 that ended up losing just to the very peak of the last boom came to conclusion with an active December. In December, for the third consecutive month, over 2,500 apartment transactions were concluded; due to increased volume of new developments, the median price achieved the best result of all time (1,915 €/m2). In …

Estonian Real Estate Review, November 2021

The autumn real estate race that started in September did not lose any speed also in November. On the contrary, the higher-than-average share of new developments characteristic of year-end, still a low number of offers, strong demand and good loan conditions have kept the market active, as well as increased real estate prices. 2,692 apartment …

Estonian Real Estate Review, October 2021

The high tide having started in September due to the influence of payments from the second pension pillar continued in October. 2,633 apartment transactions were concluded all over Estonia, which was the best result since October 2006. In spring when we spoke about a boom, the number of transactions remained around 2,300–2,400, while the number …

Estonian Real Estate Review, September 2021

The impact of payments from the 2nd pension pillar could be seen on the market of apartment ownerships in September. The record of the past 10 years was broken in the apartment market with 2,498 transactions – the result exceeded the level of the spring, whereas in summer months the number of transactions remained around …

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 …