It’s no surprise that both foreign investors and local business people looking into purchasing a residential property or an office space first plump for the prestigious and historic Vanalinn, or Old Town, for a taste of late-Medieval charm. The old town’s castle-like masonry architecture, with its partly-exposed stone walls, pale coloured stucco, deep window sills,…
landscape
According to a report by Tõnu Toompark on his adaur blog, investment in real estate in Estonia has increased by 24 per cent y-o-y to the first quarter of 2012. Citing figures from the Estonian Statistics office, investments from Estonian companies into plant and equipment fixed assets came to a value of 506 million Euros in…
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…
According to Tõnu Toompark on his adaur blog, 96 per cent of residential dwelling space in Estonia is in private hands. The total number of residential items comes to 657 800 units, only a small increase on the last 12 years, with only three per cent of dwellings owned by local governments and one per…
According to Tõnu Toompark on his adaur blog, although the kv.ee index* of property prices in Estonia has seen only scant changes over the past year (a 0.98 per cent y-o-y fall to June 2012) this does not tell the whole story as regards the market here. For one thing, the index has been fairly…
The volume of residential space in Estonia, according to data from the Estonian Statistics Office, stood at 657 800 items with a total area of 40.53 million square metres, as reported by Tõnu Toompark on his adaur blog. This represents an increase in the number of residential items of 0.29 per cent y-o-y, and an…
Demand for good quality (A class plus) in Tallinn is currently outstripping supply, according to a report on the Estonian Press Digest from News2Biz. Whilst the period from late 2010 well into 2011 saw an upsurge in construction, including office space, rising construction costs have since dampened down this phenomenon, the report stated. Quoting sources…
We haven’t forgotten about our promise to launch the new Guide “”Why You Should Be Investing In Tallinn Real Estate – Your Essential Guide to the Tallinn Property Market”: Available Soon!”. Our team are putting the finishing touches to the publication and it will be out very soon so watch this space!. Goodson & Red…
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 beginning of 2012 has demonstrated a successful rate of issue of residential permits, according to Tõnu Toompark on his adaur blog. The first quarter of 2012 saw 707 permits being issued, which was a rise of as much as 86 per cent y-o-y, Tõnu goes on. Nevertheless caution should be of the essence, Tõnu…