Compared with the first quarter of 2010, the number of commerical real estate deals in Estonia has fallen by 18 per cent. However, their size and value has actually increased. The monthly average transaction value has risen by 48 per cent, from 39 300 Euros to 58 100 Euros, according to a survey carried out…
2011 April
Hope you don’t mind us bragging a bit about some thrilling developments our company is going through. It is an exciting time for Goodson & Red Tallinn property consultants and managers as the company expands to include four highly experienced team members, doubling in size, making us ready and eager to bring a fresh approach and set…
According to Estonian Statistics Office data, the index of construction volume for the fourth quarter of 2010 fell by 4.7 per cent compared with the same period a year ago, as reported on Tõnu Toompark’s Adaur blog. Aside from the third quarter of 2010 when there was a small 1.1 per cent year on year…
Tallinn Property and Goodson & Red are pleased to announce that our latest Tallinn Property and Rental Market Quarterly Review is ready. Covering all developments in the first quarter of 2011, as always the review contains an in-depth look at the Tallinn residential market, the situation regarding mortgage loans, information on average asking and transactional prices,…
Real estate portal KV.ee’s index of property prices in Estonia seems to be on a horizontal plane at the moment, according to Tõnu Toompark’s Adaur blog. The Index currently stands at 61.9 points, 1.7 per cent lower than this time last year. However, in view of an inflation rate that exceeds the 5 per cent…
The European Central Bank (ECB)’s decision to raise the base lending rate to 1.25% on Thursday last (7th April) perhaps comes as no surprise, and it seems likely that further rises are due for the course of 2011. Since many Estonians hold their mortgages in variable rate packages which follow the base rate, this means…
Deposits in Estonian banks have been steadily increasing, so writes Tõnu Toompark on his blog, adaur.ee. Estonian data for February shows a total value of bank deposits of just under 10.5 billion Euros, of which 5.9 billion is held in on request accounts which can be accessed with little or no notice. Of this total…
Astlanda OÜ board member Kajar Kruus has provided an interesting perspective on the current situation in the real estate market in Tallinn, the indicators and reasons behind its seeming upturn as well as shedding some light on the realities behind the downturn. Speaking to Tõnu Toompark’s blog, Mr Kruus said that, in a sense, the…