The Tallinn Main Street design contest winner has been been declared. In three years, according to the plan, the fresh concept will alter the face and ways of the heart of Tallinn. The winner of the Tallinn Main Street design contest is «Kevad linnas» (Spring in the City) with the accent on creating a humans based space and…
Tallinn Property News
According to Statistics Estonia, 983 units of housing received permits for use in Estonia in Q3 2015. These are some of the highest levels in the past five years, more than double the number of permits for use a year ago. At the same time, the floor area of housing completed was 98 600 m². This…
The average residential mortgage loan in Estonia fell to €36,802 in Q3 2013. However, the changes are not significant – the loan balance a year ago was just 1% bigger than today. The average loan amount is decreasing mainly as a result of new residential mortgage loans. The total number of residential mortgage loans just…
According to the Bank of Estonia, the balance of loans granted for investment properties and development in Q3 2013 was €1.7 billion. This is 4.6% less than in the previous year. The loan balance of retail property financing has decreased by 21% and the loan balance of residential development by 17%. The decrease in the…
There has been a y-o-y increase in rental prices in Tallinn of 18 per cent, to July 2012, according to Tõnu Toompark on his adaur blog. This undoubtedly is connected with the short supply of rental properties in Tallinn at the moment. According to Tõnu and citing data from real estate portal kv.ee, the volume…
As recently reported on this blog, one of the up and coming areas of Tallinn is the area surrounding the train station, merging into the Kalamaja and Pelgulinn neighbourhoods. Our faith in this seems to be bearing fruit; according to a recent report by Ott Tammik on the Estonian Public Broadcasting (ERR) English language site,…
According to a report by Ott Tammik on the English language site of the Estonian Public Broadcasters (ERR) the building which houses the Estonian Finance Ministry is to be demolished and two new, identical towers are to be built in its stead. The current building at Suur-Ameerika 1, which was constructed back in 1977 when Estonia…
Most of the major newspapers in Tallinn are taking a break today after Jaanipäev but here at Tallinn Property we don’t want to take a break from bringing you up to speed on all that is happening in real estate in Tallinn and Estonia in general! According to a report on Tõnu Toompark’s adaur blog,…
The balance of loans across the various sectors of the real estate market has remained notably stable in recent years, according to Tõnu Toompark on his adaur blog. The only significant increase in the loan balance has been in the retail sector, Tõnu goes on. There has however been a decrease in resources for the…
According to analysis of data concerning property prices and transactions from the Estonian Land Board as carried out by real estate firm 1Partner Kinnisvara, whilst January 2012 saw a 40 per cent increase in the number of real estate deals year -on-year, the number actually went down compared with December 2011. According to 1Partner Kinnisvara…