Estonia, Real Estate
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Apartment prices in Estonian towns climbed by 2.1% in February
Juhan Tere, BC, Tallinn, 05.03.2012.
Print version
Print versionThe Pindi Index grew by 2.1% in February as compared to January as the weighted average price of a square meter of flats in the 17 bigger Estonian cities and towns was 843 EUR, writes LETA/Postimees Online.
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Pindi Index that reflects the weighted average of the real estate transactions carried out in 17 larger Estonian cities has fallen by 40% of its level at the peak times in April 2007. As compared to the lowest point of recent years in July 2009 the index has increased by 35%.
While in January, 744 transactions were carried out with flats in 17 larger Estonian cities, in February the activity level in transactions was 771.
The price index compiled by Pindi Kinnisvara takes into account the weighted average price of a square metre of purchase and sale contracts where the objects are flat ownerships in all county centres as well as in the cities of Kohtla-Järve and Narva.
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