On 14 January 2020 EfTEN Real Estate Fund III AS as an acquiring fund and EfTEN Kinnisvarafond AS as a fund being acquired concluded a merger agreement with the aim of merging EfTEN Kinnisvarafond AS with EfTEN Real Estate Fund…
In Tallinn, the HAI plunged by 5.7 points in the third quarter of 2019, compared with the third quarter of 2018, and ended at 148.5, as net wage growth was slightly slower than an increase in apartment prices and interest…
In October, the people visiting the real estate conference of EKFL admitted that the sentiment of the participants in the real estate market is rather positive and no bigger systematic risks are predicted for the next few years. When looking…
Wage growth remained rapid and broad-based in the third quarter. The average full-time-equivalent gross wage amounted to EUR 1,397, up by 8.2%, over the year. Tax Authority’s gross median wage amounted to EUR 1,100, up by 10% in a year. …
New record According to Statistics Estonia, in the 3rd quarter, the unemployment rate decreased even further to a record-low 3.9%. The estimated number of the employed reached 677,000, the highest number since at least the re-independence (earlier data is not…
2096 sales-purchase transactions of apartment ownerships were concluded in September. Even though according to common logic September seems to be a rather quieter month, as it is associated with the end of summer holidays and the beginning of school, the…
AS Pro Kapital Grupp group company OÜ Kalaranna Kvartal and Nordecon AS have signed an agreement for the design and construction of the first two phases of Kalaranna Quarter. The property of Kalaranna Street 8 in Tallinn will have eight…
Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 2.29% of the Fund’s Q3 2019 weighted average net asset value to its unitholders. This equals to approx. EUR 3.06…
Regardless of holiday waves and the warm August, the real estate market was operating at top speed. According to the final figures, 2,087 sales-purchase transactions of apartment ownerships were concluded in August, which was the second best result of this…
In Q2 2019, the housing affordability index (HAI) increased in Vilnius, but decreased slightly in Tallinn and Riga In Tallinn, the HAI decreased by 4.6 points to 151.5 in the second quarter of 2019, compared with the second quarter of…
In the second quarter of 2019, Estonian GDP growth slowed to 3.6% y/y in real terms and to 7.9% y/y in nominal terms. In the first half of this year, GDP growth was 4.2% in real terms. Although, the growth…
In Q1 2019, the housing affordability index (HAI) increased in Vilnius, stayed unchanged in Tallinn, but decreased in Riga In Tallinn, the HAI stayed almost unchanged (-0.1 point) at 151.9 in the first quarter of 2019, compared with the first…
• The unemployment rate declined, and the employment rate slightly increased in the first quarter. • According to Swedbank’s forecast, labour market should remain tight this year, so wage pressures persist. Labour market remains tight According to Statistics Estonia, labour market…
Estonia The figures of the 1st quarter of year 2019 show that the times in the real estate market are still good and even though the growth is slower than before, the setback that influenced the second half of last…
In Tallinn, the HAI rose by 10.4 points to 161.9 as rapid wage growth outweighed growing apartment prices and interest rates. In Riga, the HAI improved by 12 points to 191.7 as wage growth outpaced apartment price growth. For new-project…