Tallinn Property Blog Statistics

Statistics: Share of transactions with greenfield developments trending up

In Q3 2015, 9 769 transactions with housing were effected in Estonia. At the same time, 983 units of housing received permits for use. Assuming hypothetically that under the conditions of a stable market the number of transactions effected with housing is roughly the same as the number of units of housing completed, it may be said that 10% of all transactions with housing in Estonia are effected with new housing. (more…)

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“Why You Should Be Investing In Tallinn Real Estate – Your Essential Guide to the Tallinn Property Market”: Available Soon!

We haven’t forgotten about our promise to launch the new Guide “”Why You Should Be Investing In Tallinn Real Estate – Your Essential Guide to the Tallinn Property Market”: Available Soon!”.

Our team are putting the finishing touches to the publication and it will be out very soon so watch this space!.

Goodson & Red Tallinn Property Consultancy is a premier residential and commercial property service based in Tallinn, Estonia, with a strong focus on consultancy services for overseas property investors. Our recent media accolades include mentions in both the UK quality newspaper the Daily Telegraph, and the New York Times.

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“Why You Should Be Investing In Tallinn Real Estate – Your Essential Guide to the Tallinn Property Market”: Available Soon!

Goodson & Red‘s Tallinn Property team is proud to announce that our new must-have guide “Why You Should Be Investing In Tallinn Real Estate – Your Essential Guide to the Tallinn Property Market” will be available in the next few days!

This replaces our previous guide, the hugely successful “How to Profit From One of the Biggest Property Booms in Eastern Europe”, written by Darren Goodson and first published in 2005.

With all the shifts that have taken place in the market since then, we have completely overhauled the book and included a lot of information which had previously been unavailable, to give you an unparalleled advantage in the real estate market in Tallinn.

What’s more, as we are publishing the Guide as an e-book only, it will be available to you absolutely FREE of charge!

The Guide includes:

  • All you need to know about Tallinn and Estonia and why it is a sound destination for the investor.
  • Which areas of Tallinn are hot, and which are not.
  • A detailed overview of the current market situation, which complements our regular Market Review.
  • Invaluable legal information from top baltic law firm Sorainen.
  • Crucial advice when buying and letting in Tallinn.

We feel you wont be able obtain comprehensive information, in English, on the Tallinn real estate market, to rival anything like that contained in the Guide, still less free of charge, so watch this space and download the Guide soon!

Goodson & Red Tallinn Property Consultancy is a premier residential and commercial property service based in Tallinn, Estonia, with a strong focus on consultancy services for overseas property investors. Our recent media accolades include mentions in both the UK quality newspaper the Daily Telegraph, and the New York Times.

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Tallinn Real Estate Market Report First Quarter 2012

We have just been putting the finishing touches to a fresh copy of our quarterly review of the Tallinn property market and the review.

Our latest Tallinn Property and Rental Market Quarterly Review covers all developments in the third quarter of 2011, and as always the review contains a brief look at the Tallinn residential market:

  • situation regarding mortgage loans, consumer security
  • information on average asking and transactional prices
  • current state of the central Tallinn rental market
  • invaluable sample transactions
  • advice on rental business considerations

Get the Tallinn Property Market Review 2012 Q1

We would also very much like to hear your views re the property market. Or if you have any suggestions regarding topics. Please do not hesitate to write or tweet us, or leave us a comment below or on our Tallinn Property Facebook page.

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Tallinn Real Estate Market Report Third Quarter 2011

We have just been putting the finishing touches to a fresh copy of our quarterly review of the Tallinn property market and the review.

Our latest Tallinn Property and Rental Market Quarterly Review covers all developments in the third quarter of 2011, and as always the review contains a brief look at the Tallinn residential market:

  • situation regarding mortgage loans, consumer security
  • information on average asking and transactional prices
  • current state of the central Tallinn rental market
  • invaluable sample transactions
  • advice on rental business considerations

Get the Tallinn Property Market Review 2011 Q3

We would also very much like to hear your views re the property market. Or if you have any suggestions regarding topics. Please do not hesitate to write or tweet us, or leave us a comment below or on our Tallinn Property Facebook page.

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Tallinn Real Estate Market Report First Quarter 2011

Tallinn Property and Goodson & Red are pleased to announce that our latest Tallinn Property and Rental Market Quarterly Review is ready.

Covering all developments in the first quarter of 2011, as always the review contains an in-depth look at the Tallinn residential market, the situation regarding mortgage loans, information on average asking and transactional prices, the current state of the central Tallinn rental market, and also offers invaluable sample transactions and advice on rental business considerations.

In case the link above did not work you can copy and paste the following to your address bar: http://www.goodsonandred.com/sharedfolder/tallinn-property-market/marketreview-tallinn-real-estate-q1-2011-web180411.pdf  

The review comes at an exciting time for us as the company expands to include four highly experienced team members. You can meet our new property consultants and agents at Goodson & Red Property Consultancy site. Whatever your requirements for Tallinn property, Andrew, Kati, Tuuli and Erki are there to help you achieve your aims.

We would very much like to hear your views regarding the Tallinn or Estonian property market. Furthermore, if you have any suggestions regarding topics, please do not hesitate to leave your comment or tweet us, or write on our wall.

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Tallinn Real Estate Market Report December 2010

To wrap-up 2010 and look ahead to 2011, please don’t hesitate to check our latest Tallinn Property and Rental Market Quarterly Review.

As always our review contains an in-depth look at the Tallinn residential market, the situation regarding mortgage loans, information on average asking and transactional prices, the current state of the central Tallinn rental market, and also offers invaluable sample transactions and advice on rental business considerations.

You can find the full report at: http://www.goodsonandred.com/sharedfolder/tallinn-property-market/marketreview-tallinn-real-estate-q4-2010_web151210.pdf

We would very much like to hear your views regarding the Tallinn or Estonian property market. Furthermore, if you have any suggestions regarding topics, please do not hesitate to leave your comment or tweet us, or write on our wall.

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Increase In Construction Licences Not Necessarily A Good Thing

According to a recent post by Tõnu Toompark on his adaur blog, third quarter statistics show a growth in licences issued for the construction of new properties of some 43 per cent. This was accounted for by applications for building licences for 526 new units, covering a total area of 64,000 square metres.

However, the total area of newly-built property has only increased by 10 per cent. Tõnu suggests that this is because the new licence applications have largely been taken up by smaller apartment units.

Tõnu goes on to warn against getting too excited about the figures, since they are merely one general market indicator, which can fluctuate somewhat. Furthermore he fears that the issuing of too many new building licenses could lead to the market becoming overloaded again at a later date.

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Residential Prices In Estonia: Index Shows Fall, Many Agents Favour Rise

The KV.ee index for residential prices in Estonia, which has stayed with the range of 61-65 points through the course of this year, yesterday settled at a figure of 61.8, thus  falling by 4.3 per cent through the course of the year, according to a report by Tõnu Toompark on adaur.ee (in Estonian).

The average price for the whole of Estonia stands at 12 686 EEK per square metre at the time of writing, down from 13 272 per square metre exactly a year ago.

This is hard to believe, given the fact that the residential property market is becoming increasingly active, Tõnu argues, and could in fact be due to the fact that the index lags behind actual prices by as much as a year. Actual transaction prices are probably stable and not falling at the moment.

Looking at the three major Estonian towns (Tallinn, Tartu and Pärnu) it appears that the gap between asking  prices and the corresponding actual transaction prices has narrowed somewhat, to below 4600 EEK and 4200 EEK per square metere  in Tallinn and Tartu respectively, and just 2200 EEK per square metre in Pärnu.

However Tõnu predicts that this trend will not continue indefinitely, and it seems likely that transaction prices will start to rise slightly in the near future. He goes on to explain that most of the difference between asking and final transaction prices does not represent a growing market but rather reflects the differing expectations of buyers and sellers. He also speculates that estate agents are wanting to return to pre-crisis price levels and are thus influencing prices upwards to a certain extent – this could mean that the disparity between asking and transaction prices will rise…

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