Estonia, Real Estate

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 13:15

Number of property deals decreased by quarter in Estonia, value by half in 2009

Juhan Tere, BC, Tallinn, 12.01.2010.Print version
26,510 real estate purchase and sale transactions were carried out in Estonia in 2009 which is 23% less than in 2008, BBN/LETA reported, referring to Land Board data. The total value of real estate transactions amounted to 18.1 billion kroons in 2009, 47% down, year-on-year.

In 2008, 34,473 property deals were carried out constituting 34 billion kroons in total.

 

The real estate market of Estonia was down on a similar to the previous year's level in 2003 when 19,710 real estate transactions were made with total value of nine billion kroons.

 

In Tallinn, the number of real estate transactions this year fell by 25% to 7,122 deals in the total value of 7.7 billion kroons, a decline of 48%. Tallinn accounted for 43% in the total value of real estate transactions.






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