2010

14 Dec: Latest Figures Show Fall In Unemployment In Estonia

Concerning more hopeful signs for economic recovery in Estonia, employment in Estonia grew in the third quarter of 2010, according to Tõnu Toompark’s blog adaur.ee. Citing figures from the Statistics Estonia website, 578,200 people were employed in the Estonian economy in the third quarter, up from 553,600 in the first quarter of 2010. Over the…

02 Dec: Ten Tips Which Landlords Should Keep In Mind

Why invest in Tallinn and not another European city, particularly in the former Eastern bloc? Well, now is a very good time to consider investing here. Prices are at around a five year low and the rental market is buoyant. Furthermore Tallinn will be European Capital of Culture in 2011, undoubtedly bringing with it a…

16 Nov: Residential Prices In Estonia: Index Shows Fall, Many Agents Favour Rise

The KV.ee index for residential prices in Estonia, which has stayed with the range of 61-65 points through the course of this year, yesterday settled at a figure of 61.8, thus  falling by 4.3 per cent through the course of the year, according to a report by Tõnu Toompark on adaur.ee (in Estonian). The average…

11 Nov: Slight Fall In Tallinn Property Transactions For October

Tallinn property transactions fell in October in comparison with the previous month, according to Tõnu Toompark’s blog Adaur.ee (available in Estonian only). Citing figures compiled by Tallinn real estate agents 1Partner Kinnisvara, transactions fell by 12 per cent, from a figure of 482 million Kroons (c. 30.8 million Euros)  in September to 423 million Kroons…

02 Nov: Hopeful Signs For Estonia’s Economy

More encouraging signs for the future of Estonia’s economy can be gleaned from a report from Edward Lucas’ blog on the Economist website. The article focuses on the rapid growth in industrial production, citing lastest figures of 31.1 % year on year growth in industrial production as being particularly noteworthy. This is of course an…

28 Oct: Estonia 26th in World Corruption Index

Estonia ranks in 26th place in the world table of perceived corruption, according to figures released by Transparency International. With a score of 6.5 (where 10 equals ‘highly clean’ and 0 ‘highly corrupt’) Estonia has moved up the table by one place compared with last year, says a report compiled by Baltic Business News. The…

25 Sep: Tallinn Property Market Report Q3 2010

Just finished polishing our fresh report of housing and rental market in Tallinn. Using partially the words from the preface of our review – participants in the economy have largely been communicating positive messages and making promising forecasts through the whole summer period. This obviously applies also to property markets. It seems likely that the market decline has…