{"id":4035758,"date":"2026-07-06T13:03:15","date_gmt":"2026-07-06T10:03:15","guid":{"rendered":"https:\/\/uusmaa.ee\/?p=4035758"},"modified":"2026-07-06T13:03:34","modified_gmt":"2026-07-06T10:03:34","slug":"may-market-overview-the-apartment-market-declined","status":"publish","type":"post","link":"https:\/\/uusmaa.ee\/en\/may-market-overview-the-apartment-market-declined\/","title":{"rendered":"May Market Overview: The Apartment Market Declined"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

May was an averagely active month for Estonia\u2019s apartment market this year, but quieter than a year ago.<\/strong><\/p>\n\n\n\n

Considering still-low consumer confidence and the events of recent months, there have been no major changes in people\u2019s purchasing behaviour when buying real estate. Purchase decisions are being made based on need and household affordability, while security-related concerns have moved more into the background. The six-month EURIBOR, which has started to rise, had not yet had an impact in May.<\/p>\n\n\n\n

The most preferred option remains a resale apartment in good or very good condition, requiring only minimal investment and work. For this reason, fully renovated so-called flip apartments in older buildings are also in demand. These are also popular among buyers who would prefer a new apartment but whose financial means do not extend that far.<\/p>\n\n\n\n

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

Tallinn.<\/strong>\u00a0According to the Estonian Land and Spatial Development Board, 722 apartments were sold in the capital in May, with the median price per square metre reaching 2920 \u20ac. Compared with a year earlier, the number of transactions fell by 5.7%, while the price level rose by 2.8%.<\/p>\n\n\n\n

Tartu.<\/strong>\u00a0Last month, Tartu\u2019s apartment market was quieter compared with the rest of this year, with 103 apartments sold and the median price reaching 2502 \u20ac per square metre. The number of transactions fell by 28.5% year-on-year, while the price level increased by 1%.<\/p>\n\n\n\n

P\u00e4rnu.<\/strong>\u00a0In May, 61 apartments were sold in P\u00e4rnu at a median price of 1975 \u20ac per square metre. Compared with a year earlier, the number of transactions fell by 21.8% and the price level by 17.5%, mainly due to a lower share of newer properties.<\/p>\n\n\n\n

Narva.<\/strong> In May, 55 apartments were sold in Narva, with the median price per square metre reaching 411\u20ac. Compared with the same month last year, the number of transactions increased by 7.8%, while the median price declined by 9.9%.<\/p>\n\n\n\n

Risto V\u00e4hi (Uus Maa Real Estate Market Expert)<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

May was an averagely active month for Estonia\u2019s apartment market this year, but quieter than a year ago. Considering still-low consumer confidence and the events of recent months, there have been no major changes in people\u2019s purchasing behaviour when buying real estate. Purchase decisions are being made based on need and household affordability, while security-related …<\/p>\n","protected":false},"author":20,"featured_media":3478695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12050,12052,12055,12049],"tags":[],"class_list":["post-4035758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-sales","category-real-estate-market","category-useful"],"acf":[],"yoast_head":"\nMay Market Overview: The Apartment Market Declined – Uus Maa Kinnisvarabüroo<\/title>\n<meta name=\"description\" content=\"May was an averagely active month for Estonia\u2019s apartment market this year, but quieter than a year ago.Considering still-low consumer confidence and the events of recent months, there have been no major changes in people\u2019s purchasing behaviour when buying real estate. Purchase decisions are being made based on need and household affordability, while security-related concerns have moved more into the background. The six-month EURIBOR, which has started to rise, had not yet had an impact in May.The most preferred option remains a resale apartment in good or very good condition, requiring only minimal investment and work. For this reason, fully renovated so-called flip apartments in older buildings are also in demand. These are also popular among buyers who would prefer a new apartment but whose financial means do not extend that far.\" \/>\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\/may-market-overview-the-apartment-market-declined\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"May Market Overview: The Apartment Market Declined – Uus Maa Kinnisvarabüroo\" \/>\n<meta property=\"og:description\" content=\"May was an averagely active month for Estonia\u2019s apartment market this year, but quieter than a year ago.Considering still-low consumer confidence and the events of recent months, there have been no major changes in people\u2019s purchasing behaviour when buying real estate. Purchase decisions are being made based on need and household affordability, while security-related concerns have moved more into the background. The six-month EURIBOR, which has started to rise, had not yet had an impact in May.The most preferred option remains a resale apartment in good or very good condition, requiring only minimal investment and work. For this reason, fully renovated so-called flip apartments in older buildings are also in demand. These are also popular among buyers who would prefer a new apartment but whose financial means do not extend that far.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uusmaa.ee\/en\/may-market-overview-the-apartment-market-declined\/\" \/>\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=\"2026-07-06T10:03:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-06T10:03:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uusmaa.ee\/wp-content\/uploads\/2026\/03\/uudise-pilt-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\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":"May Market Overview: The Apartment Market Declined – Uus Maa Kinnisvarabüroo","description":"May was an averagely active month for Estonia\u2019s apartment market this year, but quieter than a year ago.Considering still-low consumer confidence and the events of recent months, there have been no major changes in people\u2019s purchasing behaviour when buying real estate. 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