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 …
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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 …
Across Europe recognition! LUXUM by Uus Maa was selected in London as the best premium real estate agency!
LUXUM by Uus Maa was awarded the highest title of “Best Premium Real Estate Agency 2023-2024” at a pan-European gala event in London. This is a truly outstanding achievement that confirms LUXUM’s increasing international attention and recognition, positioning it as a leader in both the Estonian and European real estate markets. LUXUM is a boutique …
Decline in the Apartment Market in Larger Cities in July – Seasonal Dip or a Broader Trend?
Opinions Diverge on the Future Development of the Market Views on the future development of the apartment market diverge, depending on the indicators considered and the basis for forecasting. Positive aspects include decreasing inflation and no significant winter surge in energy prices. On the negative side, factors such as a weak economy, high loan interest …
In June, the real estate market experienced a slowdown, while prices continued to rise
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 …
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 …
An unforgettable evening of beauty and wonders with Luxum by Uus Maa
If the previous luxury real estate boutique office Luxum by Uus Maa client evening took place in the exciting Hearts Fine Jewellery salon, then this time we invited our loyal customers to the stylish Treimann design and furniture salon to enjoy a pleasant evening together in a beautiful and discovery-rich environment.Treimann Furniture & Design is …
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, …