Estonia, Real Estate
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Wednesday, 24.04.2024, 06:22
Number of real estate transactions in Estonia grew by 25% in Q2
Juhan Tere, BC, Tallinn, 03.07.2010.
Print version
Print versionIn the second quarter of 2010, the Estonian real estate market experienced the biggest increase since the year 2006 as the accession to the euro area was approved and the economic outlook is also better, writes LETA/Äripäev.ee, citing Bloomberg.
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In the year-on-year comparison, the number of transactions involving real estate and land sales grew by 25% (to 8,108) – the biggest growth since the first quarter of 2006. The value of the transactions carried out grew by 12% to 372 million kroons.
The collapse of the real estate market in 2008, after the boom, lowered housing prices by half and decreased the volume of investments into commercial real estate by 97% in 2009.
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