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 …
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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 …
Estonian Real Estate Market review, May 2020
The end of the emergency situation and lifting of many restrictions brought along a rise in the real estate market in May, as predicted and anticipated. According to the initial information, the rise was not as fast as predicted but this time we are even happy for small victories, as the scars of the emergency …
Estonian Real Estate Market review, April 2020
If the market overview of March already mentioned the impact of the emergency situation in the second half of the month, the statistics of April transactions was fully impacted by it. However, in the last week of the month, increased activity could be senses, which hopefully will have a positive influence on the next months, …
Estonian Real Estate Market review, March 2020
The overview of real estate market in March cannot escape the topic of coronavirus COVID-19 outbreak which started to influence the market considerably from the second half of the month. Estonian Real Estate Market in March 2020 As the majority of transactions had already been agreed, no big decline in the number of transactions can …