According to a report by Tõnu Toompark on his adaur blog, investment in real estate in Estonia has increased by 24 per cent y-o-y to the first quarter of 2012.
Citing figures from the Estonian Statistics office, investments from Estonian companies into plant and equipment fixed assets came to a value of 506 million Euros in the first quarter of 2012, writes Tõnu.
A bit less than a third of this total came in the real estate sector, including buildings and facilities acquisition, construction, repair work and the acquisition of land, Tõnu continues.
After a three year fall in investment in the real estate sector, the last five consecutive quarters have seen growth in investment, Tõnu writes.
The original article (in Estonian) together with diagrams illustr investment levels in fixed assets including buildings, facilities, and land, and changes thereof, is here.
Andrew Whyte
Tallinn Property by Goodson & Red
