Disorientation in global economy to postpone Estonian housing market recovery

’s special housing market index KV (Real Estate) Index is constantly falling for the 33 week. The value of the index is 90.5 points what makes an annual 14 pct fall, real estate specialist Tõnu Toompark writes in his blog.

Index has been declining since April 2007 and reached the level of March 2006 by today. From the peak reached in April 2007 an index have fallen 16.7 pct.

Compared to the prices of actual real estate transactions (the decline about 25 pct) it should be mentioned that an offer prices have been falling relatively less. That means that the offer prices have enough room to fall further. As an affirmation of aforementioned the number of real estate transactions is declining.

According to Toompark the current disorientation in global will postpone the recovery in even further than the forecasted next year’s fall.

Artikli autor on Kaja Koovit. Artikkel ilmus 07/10/2008 väljaandes Balticbusinessnews.com.

Kas soovid värsket kinnisvarainfot meilile?

Sisesta e-posti aadress ja ole kursis kinnisvaraturu liikumistega!

Kinnisvarakoolis järgmisena:

06.-08.09.2022 Kinnisvara ABC