{"id":2752316,"date":"2025-09-01T10:38:38","date_gmt":"2025-09-01T07:38:38","guid":{"rendered":"https:\/\/uusmaa.ee\/?p=2752316"},"modified":"2025-09-01T10:38:57","modified_gmt":"2025-09-01T07:38:57","slug":"july-market-overview-people-are-tired-of-waiting-its-time-to-act","status":"publish","type":"post","link":"https:\/\/uusmaa.ee\/en\/july-market-overview-people-are-tired-of-waiting-its-time-to-act\/","title":{"rendered":"July Market Overview: People Are Tired of Waiting It\u2019s Time to Act"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

In July, the expected market slowdown following the tax increase did not materialise. Instead, for the first time this year, the number of transactions exceeded the 1 000 mark.<\/strong>

According to Sten Renar Subat\u0161jus, Head of the Analysis Department at Uus Maa Real Estate, the economic situation in Estonia and current political decisions do not support a decline in prices. As a result, people have grown tired of waiting and have begun to act more decisively in the market.<\/p>\n\n\n\n

\u201cWhile in previous months it was assumed that market activity was driven primarily by the upcoming VAT increase, the July transaction numbers indicate a general market revival. Sales of newly developed apartments did decline, but secondary market transactions increased by 26% compared to last year and by 16% compared to June,\u201d Subat\u0161jus explained.<\/p>\n\n\n\n

Estonian Apartment Market<\/h2>\n\n\n\n

In the Tallinn<\/strong> apartment market, 793 transactions were completed in July, marking the strongest result of the year. Compared to the same month last year, the number of apartment transactions rose by 15%, and by 5% compared to June. The median price remained on par with last year but fell by 6% compared to June. \u201cThis drop was due to a decline in new development transactions and a rise in secondary market sales,\u201d noted Subat\u0161jus.<\/p>\n\n\n\n

In Tartu<\/strong>, 163 apartment transactions were completed in July \u2013 a figure that remained steady both year-on-year and month-on-month. The median price per square metre rose by 3% compared to last year and by 4% compared to June, signalling the usual pre-autumn uptick in activity in the university city.<\/p>\n\n\n\n

In P\u00e4rnu<\/strong>, 75 apartment transactions were concluded in July \u2013 29% more than both last year and the previous month. The median price of apartments increased by over 18% year-on-year but fell by 16% compared to June, reaching 2090 \u20ac\/m\u00b2. \u201cP\u00e4rnu\u2019s prices have remained stable throughout the year, despite a few stronger months recently,\u201d Subat\u0161jus commented.<\/p>\n\n\n\n

Narva\u2019s<\/strong> apartment market remained steady in July, with a preliminary total of 60 transactions \u2013 on par with last year but 11% higher than in June. However, the median price dropped significantly \u2013 over 14% lower than last year and nearly 11% down from June. \u201cThe second half of the year started actively in terms of transaction volume in Narva, but median prices remain well below average,\u201d Subat\u0161jus concluded.

Sten Renar Subat\u0161jus (Uus Maa Real Estate Analyst)<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In July, the expected market slowdown following the tax increase did not materialise. Instead, for the first time this year, the number of transactions exceeded the 1 000 mark. According to Sten Renar Subat\u0161jus, Head of the Analysis Department at Uus Maa Real Estate, the economic situation in Estonia and current political decisions do not …<\/p>\n","protected":false},"author":20,"featured_media":2625151,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12050,12052,12055],"tags":[],"class_list":["post-2752316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-sales","category-real-estate-market"],"acf":[],"yoast_head":"\nJuly Market Overview: People Are Tired of Waiting It\u2019s Time to Act – Uus Maa Kinnisvarabüroo<\/title>\n<meta name=\"description\" content=\"In July, the expected market slowdown following the tax increase did not materialise. Instead, for the first time this year, the number of transactions exceeded the 1 000 mark. According to Sten Renar Subat\u0161jus, Head of the Analysis Department at Uus Maa Real Estate, the economic situation in Estonia and current political decisions do not support a decline in prices. As a result, people have grown tired of waiting and have begun to act more decisively in the market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uusmaa.ee\/en\/july-market-overview-people-are-tired-of-waiting-its-time-to-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"July Market Overview: People Are Tired of Waiting It\u2019s Time to Act – Uus Maa Kinnisvarabüroo\" \/>\n<meta property=\"og:description\" content=\"In July, the expected market slowdown following the tax increase did not materialise. Instead, for the first time this year, the number of transactions exceeded the 1 000 mark. According to Sten Renar Subat\u0161jus, Head of the Analysis Department at Uus Maa Real Estate, the economic situation in Estonia and current political decisions do not support a decline in prices. As a result, people have grown tired of waiting and have begun to act more decisively in the market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uusmaa.ee\/en\/july-market-overview-people-are-tired-of-waiting-its-time-to-act\/\" \/>\n<meta property=\"og:site_name\" content=\"Uus Maa Kinnisvarabüroo\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uusmaakinnisvarabyroo\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-01T07:38:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-01T07:38:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uusmaa.ee\/wp-content\/uploads\/2025\/06\/WEB_Kroot_Tarkmeel_Photography-8479s.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1334\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kelly Kalm\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kelly Kalm\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"July Market Overview: People Are Tired of Waiting It\u2019s Time to Act – Uus Maa Kinnisvarabüroo","description":"In July, the expected market slowdown following the tax increase did not materialise. 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