Uudiste arhiiv

 

Apartments in NE Estonia cost as much as 1 sqm in Tallinn Old Town

Tõnu Toompark, real estate analyst, said that there are vast differences in prices in different parts of Estonia, but not in the number of property transactions per 1,000 people. “While in Estonia in average you have about 20 real estate

Analysts: brace for higher interest rates

Estonians who have borrowed from banks will soon have to repay considerably more in interest since euribor rate is expected to grow rapidly in near future, writes Äripäev. Tõnu Palk, chief economist of Nordea Pank, said that the whole eurozone

New real estate bubble on the horizon

Real estate experts say that a new construction boom is about to start in Tallinn and will soon create an oversupply in apartments. In Tallinn alone, about 14,000 new apartments are either already being built or have been approved in

18 billion kroons worth of real estate changed hands

The amount of real estate transactions totalled 18 billion kroons in 2009 which is about half of what it was in 2008 and four times less than what it was in 2006, says Tõnu Toompark who follows real estate statistics.

Real estate expert: foreclosed homes bought by speculators

Estonian real estate expert Tõnu Toompark writes in Pealinn that homes sold by people who have developed financial problems are often acquired by speculators. According to Toompark, most houses and apartments foreclosed by banks for loan defaults are not sold

Real estate market 2009: common sense

This year was a turning point on the Estonian real estate market. Those who survived 2009 on the real estate market got a very expensive lesson that highlighted the need for common sense, writes real estate analyst Tõnu Toompark. Negative

Analysts: real estate market is slowly coming to life

Most real estate professionals agree that the market has hit the bottom and there are first signs of new life, writes Äripäev. Also Jaanus Laugus, CEO of Uus Maa Kinnisvara, said that foreign investors are starting to take an interest

Estonians face a sharp increase in land tax

The ruling coalition has no option, but to start re-valuation of land that could double or triple land tax, writes Äripäev. The only hope is that since the idea of re-value the land is supported only by Social Democrats, but

Real estate crisis increased brokerage fees

Nowadays, in order to sell the clients properties, a real estate broker must do a lot more than they used to a couple of years a go. Tõnu Toompark said today in an online interview that this often equals in

Toompark: people are uncertain about the future

In the press conference, organized on the case of KV.EE’s market review, Tõnu Toompark said that people aren’t buying real estate because the future is uncertain, aripaev.ee writes. “People aren’t mainly buying real estate for two reasons—firstly, they are very

Difficult times have halved the apartment prices

Those few buyers left on the real estate market are mainly after the assets of the people who are in trouble which is why in March the apartment prices had the biggest decrease in the history, aripaev.ee writes. The average

Commentary: The situation in the real estate is catastrophic

The fall in amount of transactions has been big, nearly catastrophic, real estate specialist Tõnu Toompark wrote in his commentary to ehitusuudised.net. “In January only 591 apartment transactions were made, of which 251 were in Tallinn. That means 55 and

Loan issuing must grow to break the fall on the real estate market

No life will be on the real estate market before loan issuing has turned upward again, real estate specialist Tõnu Toompark writes in his blog. “Surplus on housing loans continuously grows, but growth tempo is slowing down fast. Supply is

Loan issuing must grow to break the fall on the real estate market

No life will be on the real estate market before loan issuing has turned upward again, real estate specialist Tõnu Toompark writes in his blog. “Surplus on housing loans continuously grows, but growth tempo is slowing down fast. Supply is

Real estate transactions down 29 pct

In Q2 9,762 notarized real estate transactions were concluded, which is 29 pct less than at the same time last year, real estate specialist Tõnu Toompark writes in his blog at aripaev.ee. Total value of these transactions was EEK 10

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