The hot summer month of June caused a decrease in transaction activity in the real estate market, while prices increased in several areas. Clear patterns are emerging regarding the level of interest in different price groups. Many have raised a legitimate question about why there is talk of a downturn in the real estate market …
Category: Useful
The developments significantly raised the price level in Tallinn
In general, the Estonian real estate market became somewhat more active again in May, and average price levels also increased. New developments took the lead in larger cities. In broad terms, May continued with the sentiments we experienced in previous months. Spring has traditionally been a more active period both in terms of property visits …
The real estate market in the biggest cities was quieter in April
In April, the real estate market in the four largest cities in Estonia was quieter again. The total or unit price of apartments is becoming increasingly important, and preferences are being adjusted accordingly. We have already written a lot about Euribor, and there is nothing new to add here. The European Central Bank is still …
Buyers’ Market Dictates Prices in Estonia’s Real Estate Sector
According to Risto Vähi, an analyst at Uus Maa, Estonia’s largest real estate agency, the current real estate market is clearly a buyers’ market. Increasingly, apartments are being listed for sale at prices lower than before. Vähi believes that one principle of the stock market also applies to real estate: it’s worth buying when “blood …
There was an uptick in the apartment market in February
The real estate market returned to its normal state and the large decline that occurred at the beginning of the year in Tallinn was overcome. The market is currently favorable for buyers, who are showing more interest in new homes. However, the market also faces challenges such as increasing interest rates and an economic downturn, …
Good architecture and luxury are appreciated more and more
Even though times are difficult, the interest in luxurious and exclusive real estate is still high. It is a property class with steadily increasing value which also better survives the low periods of the economy. As a person who appreciates good architecture and is active on the real estate market, I am glad to admit …
20 important qualities that make a property luxurious
Luxury real estate does not just mean an expensive price tag but also uniqueness, exclusivity and convenience. Throughout time, real estate has proven itself as a highly stable asset type, and it has been especially obvious at the background of the health crisis that has hit the world. Increased real estate prices, growing demand and …
Market Review July 2019
If last year it was believed that the hot weather was the cause of a smaller number of transactions, this July proved the opposite. Regardless of vacations and one of the hottest months of the year, 1,927 sales-purchase transactions of apartment ownerships were concluded according to the Land Board, which was over a hundred more …
Market Review June 2019
In the 1st half-year of 2019, 11,131 sales-purchase transactions of apartment ownerships were concluded in Estonia. The number of transactions remained at more or less same level as in the three previous six-month periods. In comparison to the 1st half-year of last year, 158 transactions more were concluded. The median price of transactions is still …
Market Review April 2019
Estonia The figures of the 1st quarter of year 2019 show that the times in the real estate market are still good and even though the growth is slower than before, the setback that influenced the second half of last year seems to be behind us. In the first quarter, 5,257 sales-purchase transactions were concluded …