Apartments in NE Estonia cost as much as 1 sqm in Tallinn Old Town

Tõnu Toompark, real estate analyst, said that there are vast differences in prices in different parts of Estonia, but not in the number of property transactions per 1,000 people.

“While in in average you have about 20 real estate transactions  for every thousand people, the figure in is 22 and in it is 26,” said Toompark.

In Tallinn, average square metre of apartment costs 1,100 euros. In it is 102 euros, said the analyst. Prices have gone up 7% in over a year, but 16% in Narva.

Toompark said that property prices have been going up both in listings and in actual transactions.

“This is being influenced by the number of new developments, but if you look at offers for the same building today and a year ago, you can see that the prices have been growing,” he added.

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06.-08.09.2022 Kinnisvara ABC