The number of transactions in October made the entire market surge, but November’s result – with preliminary data showing 1782 transactions (likely to exceed 1800 by the final count) – revealed, on one hand, that October’s statistics were exceptional and unsustainable in the near term. On the other hand, it confirmed that the decline in …
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October Market Overview – One Factor Revitalizes Real Estate Market
Despite the ongoing economic downturn and weak performance in key economic indicators such as the retail volume index and consumer confidence, Estonia’s real estate market continued its upward trend in October, which began in July. Over 1,950 apartment ownership transactions were completed last month, marking the best result of the year and the strongest performance …
September Market Overview – Signs of Recovery Continue
While August brought confidence to the real estate market recovery that began in July, September confirmed the moderate optimism based on the number of transactions in previous months, indicating that the market downturn is behind us. In developed countries, the recovery has already translated into price growth, but in Estonia, we can still only talk …
July Market Overview – Increased activity, but no change in overall outlook
The market did recover in July after a sluggish June. However, given that the economy has been in decline for ten consecutive quarters and confidence in the economic environment remains low, it is difficult to foresee a swift improvement. The situation is further exacerbated by the new government’s coalition agreement, which includes tax increases that …
May Market Overview – Uncertainty Constrains Real Estate Market
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. …
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 …