Statistics: The turnover of transactions in real estate is 2,5 times less compared to the peak

According to Statistics Estonia, in the 3rd quarter of 2013 11 093 transactions in real estate were made with total value of 561 million euros. Within a year the number of transactions in real estate increased 15 and the value of transactions 17%.

Of the 11 093 transactions 56 were transactions with the rights to superficies. The total value of transactions with rights to superficies was 5 million euros.

Today’s number of transactions in real estate exceeds the minimum point of transactions in 2009 by a little over two times. Yet the value of transactions exceeds it 87%.

However, we are still 24% below the peak of transactions and turnover in 2007. Today’s turnover of transactions in real estate is almost 2,5 times lower than the peak in 2006.

The number of notarised purchase-sale contracts

The value of notarised purchase-sale contracts, mln €

Change in the number and value of transactions in real estate, %

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