Analytics, Estonia, Good for Business, Real Estate

Compared to October, the price declined 3.3%. The median price of Tallinn apartments was 1,735 euros in November -- 3.4% lower than in the previous month, but 2.6% higher than in November 2017.

During the month, 813 apartments in Tallinn changed hands and the combined value of the transactions was 83.6 mln euros. In the same month last year, transactions numbered 851 and their total value was 82.7 mln euros. In October 2018, 937 transactions were made in Tallinn totaling 103.2 mln euros.

Across Estonia, excluding Tallinn, the average price of apartments climbed 10.9 % year on year to 768 euros per square meter. Compared to the previous month, the average price saw a 0.4 % decrease.

The median price of apartments outside Tallinn rose 20.6% on year to 617 euros and was up 2.7% compared to October 2018.

The number of transactions outside Tallinn was 1,001 and the total value of the transactions was 47.7 mln euros. In November 2017, apartments outside Tallinn changed hands in 1,057 transactions and the total value of the transactions was 43.9 mln euros.

Figures available from the Estonian Land Board may change when data is adjusted.