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Saturday 22.02.2020 | Name days: Rigonda, Adrians, Ārija
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Property prices in Estonia to surge 10–15%

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Now it is the right moment to buy a real estate in Estonia because a stable housing price climb of 10 – 15% is forecast this year, the company Uus Maa Elamispinnad Director Elari Tamm points out.

Given little time passed since the transition to the euro, it is still too early to asses its effect on the prices, Tamm indicates to the newspaper Postimees. At the same time, he expresses confidence the shift will encourage investors to buy up real estate. The single currency’s impact on the real estate market will reflect in the long term, increasing the Estonian investors’ confidence in the Estonian market.

Presently, it is worth purchasing an apartment as an investment. Two to three years have to pass to trade it afterwards at much a beneficial price. However, when buying an apartment without taking a loan at a bank it is possible to earn 4-5%, Tamm recognizes.

Furthermore, rental prices have soared significantly. Demand has always followed good offers. New two-room apartments with living space of 50 square meters are of particular interest, the expert explains.


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