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 …
Category: Real estate market
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 …
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 …