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 …
Category: Real estate market
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 …
Estonian Real Estate Market Review, November 2020
Regardless of the second wave of COVID-19 and new restrictions, we have learned considerably in comparison to the spring wave – the government is trying to preserve economic activity as much as possible, which leads to milder restrictions, and the behavior of people is also much less precautionary. Estonia Increased economic activity and consumer confidence …
Estonian Real Estate Review, October 2020
October in the real estate market was a mirror image of September. The same tendencies continued as in September – the negative impacts of the economy mostly in the form of increased unemployment have not reached the real estate market yet, whereas the high transaction activity of buyers is a sign of much lower concern …
Estonian real estate market review, September 2020
The real estate market was again very active in September regardless of the second wave of coronavirus and the potential increase in registered unemployment in autumn. Consumers are also haunted by reduced savings and declined consumer confidence, thus it cannot be stated that the crisis has been overcome. Estonian Real Estate market The low point …
Estonian Real Estate Market review, August 2020
In the real estate market, August continued to carry the spirit of July – the epidemic of coronavirus started to fade from the minds of people or they simply stopped paying much attention to it. Transaction activity increased and the people who were waiting for a larger price drop went through a disappointing month. However, …
Estonian Real Estate Market review, July 2020
Recovery of the real estate market that started immediately after the restrictions were eased in May and June continued as the next logical step also in July. In July, 1784 apartment transactions were concluded in all Estonia, which was 290 (i.e. nearly one fifth) more than in June. There is still some distance to cover …
Estonian Real Estate Market review, June 2020
Regardless of the fact that there were holidays in the middle of a business week and in spite of the heat wave across Estonia, the number of real estate transactions continued to increase in June. According to the Land Board, 11% more apartment transactions were concluded in comparison to May. Thus, the number of transactions …