8,900 transactions were made in the Estonian real estate sector in the first quarter of 2008. That is a 34 pct annual decline.
The transactions’ value dropped 42 pct y-o-y, amounting EEK 9.4 bln in the Q1, Päevaleht Online mediates real estate consultant Tõnu Toompark’s blog.
Toomark noted that the number of real estate transactions have been falling for eight quarters, the monetary value only four quarters.
Real estate transactions are made at the level of year 2002, but based on the transactions’ value, we are in 2004-2005.
Artikkel ilmus 07/07/2008 väljaandes Balticbusinessnews.com.