Real estate

Publications and articles

Real estate

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

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

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

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

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

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

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

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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Real estate

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

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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Real estate

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

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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