Real estate analyst Tõnu Toompark says that real estate prices could fall by another 20 pct by year-end.
Toompark said that at present prices tracked by online real estate portals have been falling in average 0.5 pct a year, writes aripaev.ee.
If it continues, real estate prices could shed a fifth from the current level by the end of the year, said Toompark.
Starting from the beginning of the year, the index has dropped 7.4 pct. According to the land register, the average sum of an apartment transaction has fallen even 15 pct during the same time.
Tarvo Teslon who manages online real estate portal KV.EE said that one reason for the fact that there is a gap between offer prices and actual prices is that during the boom apartments were being purchased so quickly that developers had no time to enter them for sale on such portals as KV.EE.
“Now they have put newer and more expensive apartments for sale on these portals and this has distorted the index,” said Teslon.
Artikli autor on Toomas Hõbemägi. Artikkel ilmus 04/03/2008 väljaandes Balticbusinessnews.com.
Tõnu Toompark on kinnisvaraanalüütik, -konsultant ja koolitaja, kelle tegevusvaldkonnad on valdavalt: * elamispindade turg, turutrendid, tehingud, hinnad ning turuülevaated; * uute korterite arendamise mahud, müük, hinnad ja analüüsid; * üürituru pakkumine, tehingud ja hinnad ning üüriinvesteeringud, tasuvusarvutused; * elamispindade kättesaadavus numbrilisena; * koolitused eeltoodud valdkondades. Koolituste valdkonnaga on Tõnu Toompark seotud üle 25 aasta. Ta on avaldanud sadu ja sadu kinnisvarateemalisi analüüse, artikleid ja kommentaare. Tõnu Toompark on läbi viinud koolitusi nii kesk-, kutse-, kõrg-, kui ülikoolides, lisaks mitmetes koolitusettevõtetes. Näiteks Kinnisvarakool, Tallinna Tehnikaülikool, Eesti Ettevõtluskõrgkool Mainor, Estonian Business School, Tartu Ülikool, Tallinna Majanduskool.
