In an Estonian average, 5.7 years’ mean net wages have to be paid on a transaction with an apartment. In Harju County, wages are higher; however, real estate there is also the most expensive. As a result, far more – 7.4 years’ wages – has to be paid on an average transaction with an apartment…
property prices in Estonia
According to a recent article in the Estonian Press Digest from News2Biz, July 2012 saw something of a fall in real estate prices in Estonia as a whole, but at the same time real purchasing power (in Tallinn) for those wishing to purchase property also fell. Citing real estate giant Pindi Kinnisvara‘s index as falling…
First published on this blog on July 21, 2012. People often ask us what the up and coming areas in Tallinn are. What’s going to be the next hot spot to buy an investment property with a potential for strong growth and consistent cashflow from rentals? We don’t have a crystal ball of course –…
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…
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,…
According to property investment portal, Global Property Guide, whilst the global trend for house prices has been for an accelerating downturn as of Q1 2012, Estonia has been bucking that trend somewhat, even seeing something of an increase, at least as regards the y-o-y figure. The Global Property Guide (GPG) stated that, of the 36…
According to a recent global property report from prestigious real estate company Knight Frank, whilst the general global trend for house prices is for a continuing fall, Estonia is bucking this trend and seeing rising prices. Written by Kate Everett-Allen, the report referred to Knight Frank’s own Global House Price Index (GHPI), where Estonia saw…
Whilst the focus of this blog is on Tallinn, we sometimes like to focus on the rest of Estonia, both in terms of residential real estate and in other sectors, or related areas. This article is a translation of an item about the market for forest land in Estonia which first appeared on Tõnu Toompark’s…
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…
Summer 2011 apparently experienced a low volume of real estate transactions in Estonia, according to Tõnu Toompark on his adaur blog. However, the months of August and September actually saw a rise to the highest level of the year so far, writes Tõnu. There were 3 428 apartment transactions in the third quarter of 2011….