Real estate

Real estate

Eesti statistika aastaraamat. 2016. Statistical Yearbook of Estonia (p. 332)
Jaanika Tiido

In 2015, in the Estonian real estate market, the average price of real estate objects grew faster than the number of transactions. The rise in prices was mainly driven by transactions made with new apartments and commercial real estate.

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Apartment market as indicator of level of regional development

Eesti piirkondlik areng. 2015. Regional Development in Estonia (p. 177)
Rivo Noorkõiv

Many brokers have a favourite saying, according to which the price of property is determined by location and once again – location. Clearly, there will also have to be buyers and sellers. Some property surveyors have argued that while location determines ca 30% of the market value of a house, it is safe to say that it constitutes up to 40% of the price in the case of an apartment (Tammistu 2015). Thus, the prices of apartment transactions allow measuring the attractiveness of a location and the apartment supply and demand, and the location is not just a geo-graphical point on a map but the choice of location provides a wider description of the location-specific issues in regional development.

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Real estate

Eesti statistika aastaraamat. 2015. Statistical Yearbook of Estonia (p. 336)
Jaanika Tiido

In 2014, the rise of the real estate prices in the Estonian real estate market slowed down and the market became more stable. Although the prices of real estate transactions have gradually increased in recent years, the average value of transactions has not achieved the level of the prices at the time of the boom, remaining lower by a third.

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Real estate

Eesti statistika aastaraamat. 2014. Statistical Yearbook of Estonia (p. 330)
Jaanika Tiido

The rise of the Estonian real estate market continued in 2013 and the number of transactions was the highest since the recession. The rise has been due to positive developments in the Estonian economy, people’s growing confidence, low interest rates and the gradual addition of new developments.

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The total number of real estate transactions increased last year

news release no 19

According to Statistics Estonia, in 2013, 41,650 purchase-sale transactions of real estate in the total value of 2.0 billion euros were notarised. In 2013, the number of transactions increased by 15% compared to 2012 and the total value of transactions increased by 18%.

Diagram: Trend of notarised purchase-sale transactions

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Real estate

Eesti statistika aastaraamat. 2013. Statistical Yearbook of Estonia (p. 324)
Kadi Leppik

In 2004–2006, the Estonian real estate market was active like never before and forecasts about the future of the market were optimistic. In 2007 the number and value of real estate transactions started to slowly decrease, as the global economy headed towards a recession. A slowdown in economic growth and a soft landing was predicted in Estonia. Thus, no one could foresee the painful crash that took place in 2008–2009. Today, real estate statistics show signs of recovery.

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The total number of real estate transactions increased last year

news release no 20

According to Statistics Estonia, in 2012, 36,176 purchase-sale transactions of real estate in the total value of 1.7 billion euros were notarised. In 2012, the number of transactions increased by 12% compared to 2011 and the total value of transactions increased by 13%.

Diagram: Trend of notarised purchase-sale transactions

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Real estate

Eesti Statistika Kvartalikiri. 4/12. Quarterly Bulletin of Statistics Estonia (p. 81)
Kadi Leppik

The article provides an overview of the Estonian real estate market in 2006– 2011. It examines the types of real estate transactions, the total number and value of purchase-sale transactions, the average purchase-sale value of a transaction, the average price of an apartment per square metre and the interest rate of housing loans.

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The total number of transactions of real estate market increased last year

news release no 29

According to Statistics Estonia, in 2011, 32,486 purchase-sale transactions of real estate in the total value of 1.5 billion euros were notarised. During the last two years the number of transactions of real estate market has increased. Compared to 2006, the boom year, the number of transactions with registered immovable and the number of dwellings in purchase-sale has decreased by a half.

Diagram: Trend of the notarised purchase-sale transactions of real estate

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The real estate market livened up last year

news release no 20

According to Statistics Estonia, in 2010, 30,979 purchase-sale transactions of real estate in the total value of 1.2 billion euros (18.8 billion kroons) were notarised. Compared to the previous year, both the total number as well as total value of purchase-sale transactions increased. However, the average value of a purchase-sale transaction remained lower.

Diagram:Trenda of the notarised purchase-sale transactions of real estate

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