Although the Estonian real estate market started the year more quietly compared to the same period last year, apartment markets in major cities showed signs of increased activity in March. News from the Middle East remains tense, with strong impacts on oil prices. However, these developments have not yet significantly affected the broader economy, as …
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February Market Overview: Upward Price Trend Continues
The beginning of the year confirms that 2026 is progressing under a rising price trend, although the number of transactions in several markets remains somewhat below last year’s levels. As noted by Sten Renar Subatšjus, Head of the Analytics Department, the start of 2026 has provided signals that support the forecast made at the end …
January Market Overview: Apartment Median Price Reached a Record
The start of the year was more modest in terms of transaction volume, yet the median price delivered the strongest result of the past two years. As noted by Sten Renar Subatšjus, Head of our Analytics Department, January was typical in transaction activity – below average, but not unexpected. However, the median price trend was …
December Market Overview: Year-End Reflected the Past
December likewise brought no significant surprises to the real estate market – indicators remained within the year’s average ranges, and the secondary market continues to be the main driver. According to Sten Renar Subatšjus, Head of the Analysis Department at Uus Maa Real Estate Agency, December’s figures likely indicated the course and pace at which …
November Market Overview – Buyers Are Back, But Dictate Price
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 …
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 …