small-home

Small Flats Attract Both Home Buyers, as well as Rental Property Investors

According to the data of the Statistical Office, a total of 2264 residential properties were built in Tallinn in 2016. Only 6% i.e. 133 of these properties built were one-room flats. 850 of the properties i.e. 38% were two-room flats, while 35% or 790 properties were three-room flats. 22% i.e. 491 of the residential properties built in 2016 were flats with four rooms and above

This shows that the residential property development process in Tallinn is clearly skewed towards two- and three-room flats. Such predominance of flats with smaller number of room is caused by better liquidity of flats of such size, i.e. the estimated shorter selling period. A shorter selling period allows developers to exit from the project within an optimum period of time and keep their risks at a controllable level.

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Housing Loan Market Growth Is Supported By Property Values And New Borrowers

The number of transactions at the Tallinn apartment market is high and on an upward trend; also, the transaction prices are rising. The vast number of transactions and other positive trends of property market are to a large extent backed by the loan market. The turnover of housing loans is thriving upon low interest rate and this gives more and more people an opportunity to buy a home with a housing loan.

The number of apartment transactions is showing a strong increase

The number of apartment transactions in Tallinn is robustly growing. In Q1 2017, 2,449 apartment ownership deals were signed in Tallinn. This corresponds to an annual growth of 19%. The number of transactions has gone up in terms of home buyers as well as rental investors. Demand has been supported by rising wages, high employment rate, but also favourable loan conditions and low interest rate.
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The Land Of Organic Forests

Lonely Planet, the largest travel guidebook publisher in the world, has ranked Estonia as the number one best value destination for 2016. The guide recommends going into the forest as a worthwhile experience. Estonia has a lot of forests. 40% of them are certified organic!

Whereas the tiny country of Bhutan, nestling in the Himalayas, aims to become the happiest country in the world, equally tiny Estonia, on the shores of the Baltic Sea, is going for the title of most organic country. Indeed, there is potential – plenty of fresh air, forests, land and sea. We have tranquillity and space, untouched nature and a variety of clean, raw materials close at hand.

On the other hand, we are a smart IT-country with our e-state, e-Residency and startup culture. These two sides – natural and innovative – could prove to be a match made in heaven. (more…)

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The future is here: Self-driving minibuses in the streets of Tallinn by 2017

Estonia will be holding the presidency of the EU for its first time during the second half of 2017. As such, it’s expected that the number of foreign officials visiting Estonia will increase exponentially. This is a unique opportunity to present the tech-savvy nature of Estonians.

With approximately 20 high-level events due to take place, as well as up to 12 unofficial meetings of various ministers from all over Europe, it is important to show the world what Estonia has to offer, what the country can do and how Europe could benefit from our actions.

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€100m makeover for Linnahall to be completed in 2019

Reconstruction of the long-abandoned Linnahall entertainment arena in Tallinn’s port area is expected to be completed in 2019 at a total cost exceeding 100 million euros.

“During the past six months, we worked toward making sure how to proceed,” said Deputy Mayor Taavi Aas, standing in for the mayor, at a press conference on Tuesday. “I am beginning to hope that the grand house with a grand history will come to life again. We have reached an agreement with the government that we will do it together.”

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25 incredible things you didn’t know about Estonia

1. It’s mostly female

The country has distinctly more women than men. For every 100 females in Estonia, there are 84 men – only the Northern Mariana Islands, a US territory in the Pacific, with a population of around 50,000, has a smaller percentage of males. Estonian women live 10 years longer, on average, which goes some way to explaining it. Incidentally, the UAE is the country with the highest male-to-female ratio, a remarkable 2.19:1.

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Why some places attract more buyers and sell faster than others?

Majority of people are looking for a new home and not just a house or a flat while surfing through hundreds of real estate ads. They are imagining cooking in the kitchen, hosting a party in the backyard, relaxing in the living room after a long day at work and so on. So how to make a simple room feel extra inviting?

Although we all have different tastes in decor there are some simple suggestions that can make even an ordinary apartment into someone`s dream home.   (more…)

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