Real Estate Sales and Prices in Estonia are Falling
October 07, 2022
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In September, the volume of transactions with apartments in the country decreased by 21.6%.
According to the real estate company Uus Maa, based on statistics from the Land Department, in September 2022, the volume of transactions with apartments in Estonia decreased by 21.6%, and average prices – by 8.8% over the same period.
Quote. According to Uus Maa analyst Risto Vähi, despite the fact that consumer activity usually increases after the end of the holiday period, in September of this year, the market was affected by several factors that led to the opposite effect.
"Now people are taking a wait-and-see attitude, and the focus is on other purchases, not the purchase of a new home. Before making a purchase decision, people want to see more attractive heating bills. In addition, the growing Euribor is becoming an increasingly important problem," Vähi said.
Numbers. In September 2022, 429 housing transactions were concluded in Estonia, which is 15.9% less than in August. The average price of a real estate transaction in the country in September was €63,000, which is 10% lower than in August.
The number of private house purchase and sale transactions decreased by 29% in Tallinn, by 43.5% in Tartu and by 37.5% in Parnu, but increased by 5.3% in Narva. In Tallinn, the number of apartment transactions decreased by 20.2%, in Tartu – by 39.6%, in Pärnu – by 27.6%, in Narva – by 1.4%.
The average price of apartments in Tallinn decreased by 0.5% compared to August, in Tartu – by 14.1% and in Narva – by 10.3%, but increased by 2.5% in Pärnu, the only major city where this happened.
Propreties for sale in Estonia:
395 500 €
Flat in Tallinn, Estonia
65 sq.m211
Online ViewingRemote Transaction
World Haus Finland
495 500 €
Flat in Tallinn, Estonia
80 sq.m432
Online ViewingRemote Transaction
New 3-bedroom apartment (80.2 m2) in a pine forest near the Botanical Garden located in the most prestigious district of Pirita, 3.5 km to the sandy beach of Pirita and to the yacht harbor. Bus stop in the front of the apartment building.
New residential complex is built of monolithic reinforced concrete with 240 mm block thickness, with...
World Haus Finland
209 000 €
Apartment in Tallinn, Estonia
46 sq.m111
Located in the heart of the city, the studio apartment with a sauna and a large balcony has everything you need for life. Heated area 46.4m2 + closed balcony 7.1m2. The area of the apartment with a balcony is 53.5m2.
Habita International Estates Ltd
6 000 €
Flat in Kivioli, Estonia
32 sq.m111
Remote Transaction
For sale 1-room apartment on the fifth floor of a 90-apartment building in a small town in northeastern Estonia (see map). The apartment is ready to move in, sold with furniture and equipment. Central heating, gas. Intercom. Double-glazed windows. There is a secured parking space. Good communication with the neighboring cities of the county and...
Andrei Prokofjev KINNISVARA
10 000 €
Flat in Pussi, Estonia
58 sq.m322
Remote Transaction
For sale a 3-room apartment on the third floor of a 120-apartment building in a small town in northeastern Estonia. The apartment has just completed repairs, replacement of plumbing, heating batteries, windows. New, not yet fully installed furniture. Central heating. Intercom. Released. Ready to move in.
Andrei Prokofjev KINNISVARA
3 800 €
Flat in Kohtla-Jarve, Estonia
39 sq.m211
Remote Transaction
For sale 2-room apartment ("Khrushchev") on the third floor of a four-storey 44 apartment building in a fairly green part of the city. Within walking distance of the central alley with fountains, shops, medical institutions. The apartment has not been renovated. Released.
Andrei Prokofjev KINNISVARA
475 000 €
Flat in Tallinn, Estonia
130 sq.m542
For decades, this area has been highly valued by the residents of the capital. It is located in a quiet location, away from the noise of the city, but still close enough to everything you need to houses are the best solution for those who need a spacious house and a beautiful garden corner where they can relax in fine Teletorni Kodud residential...
Habita International Estates Ltd
495 000 €
Flat in Tallinn, Estonia
130 sq.m542
For decades, this area has been highly valued by the residents of the capital. It is located in a quiet location, away from the noise of the city, but still close enough to everything you need to houses are the best solution for those who need a spacious house and a beautiful garden corner where they can relax in fine Teletorni Kodud residential...
Habita International Estates Ltd
6 000 €
Flat in Kivioli, Estonia
56 sq.m321
For sale 3-room apartment in a five-storey 85-apartment building in a small town in northeastern Estonia. Requires repair with replacement of plumbing. The gas is "cut off". Released. The city has all the necessary infrastructure, good transport links with neighboring cities and the capital (buses, commuter train). The bay is 12 km away, Tallinn...
Andrei Prokofjev KINNISVARA
295 000 €
Apartment in Tallinn, Estonia
87 sq.m322
A 4-room apartment, located on the top floor of a 5-story building, came up for sale. The total area of the apartment is 93.1 square meters with a balcony, which creates enough space for the comfortable use of the apartment as an office or living apartment is equipped with air conditioners, which provides extra comfort in the hot season....
Habita International Estates Ltd
185 000 €
Apartment in Tallinn, Estonia
66 sq.m321
For sale: 3-room apartment in the heart of Tallinn. The apartment consists of an entrance hall, a spacious bathroom, an open-plan kitchen-living room, and 2 bedrooms. The apartment comes with 2 designated parking spaces in the courtyard. The kitchen is equipped with all necessary appliances: a refrigerator, freezer, stove with an oven, hood, and...
Habita International Estates Ltd
10 000 €
Flat in Sillamae, Estonia
32 sq.m111
Studio apartment for sale on the shore of the Gulf of Finland in the city of Sillamae at Ranna 27, located on the ground floor of a four-storey brick house with a total area of 31.9 square meters, consisting of an entrance hall, a combined bathroom, a living room, a kitchen and a pantry. The windows overlook the south and south-east sides.
The...
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92 000 €
Apartment in Tallinn, Estonia
34 sq.m11
Tallinn, 1-room apartment is located on Pinna Street, a 10-minute drive to the sea. Excellent infrastructure
IMMOPS, Groupe AVS
6 000 €
Flat in Pussi, Estonia
49 sq.m211
Remote Transaction
BOOKED!!!
For sale a 2-room apartment on the third floor of a 3-storey apartment building in a small town in northeastern Estonia. The apartment is in good condition, most of the household appliances remain. Some of the windows have been replaced with double-glazed windows. Central heating. Double entrance door. The intercom. There is a small...
Andrei Prokofjev KINNISVARA
60 000 €
Apartment in Estonia
68 sq.m321
A large 3-room apartment, 68.2 sq.m. + two balconies! Fully and very qualitatively renovated and stylishly apartment house is located in a quiet place close to nature in Roosna-Alliku, 45-60 minutes by car from Tallinn and 15 minutes by car from the town of Paide.
Habita International Estates Ltd
13 000 €
Flat in Parnu, Estonia
78 sq.m442
Residential land 100%, Pärnu County, Pärnu City, Männikuste Village, Ridamu.782/6260 imaginary share of the real estate and the object of special ownership, residential space No. 8, with a total area of 78.20 m2 and marked as 8 on the plan. Other condominiums on the same real estate: No. 3378506, 3378606, 3378706, 3378806, 3378906, 3379006,...
Habita International Estates Ltd
7 000 €
Flat in Pussi, Estonia
49 sq.m211
Remote Transaction
For sale is a 2-room apartment on the third floor of a 102-apartment building in the center of a small green town in northeastern Estonia. The apartment is ready to move in, vacated, electric heating, boiler, Playground in the yard under the Windows. Good transport links to neighboring cities and the capital (buses, commuter train). 9 km to the...
Andrei Prokofjev KINNISVARA
298 000 €
Apartment in Tallinn, Estonia
55 sq.m211
The unique apartment is located in the historical Hattorpe-tagune tower that was the part of Tallinn City Wall. The cannon tower was built in the late 14th century, and then in 1879 was connected to a beautiful building with a Neo-Gothic façade and impressive staircase on Pikk street. The apartment has a cozy balcony that offers the views on the...
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240 000 €
Apartment in Tallinn, Estonia
46 sq.m111
Fully renovated apartment in the old town. It is a spacious studio, 46.4 m2, which can be easily converted into a 2-room apartment if desired. The apartment is sold with all the furnishings that are on the pictures. Equipment includes: induction stove, oven, kitchen hood, refrigerator, dishwasher, washing machine with dryer. There are also...