Analytics, Estonia, Good for Business, Real Estate

Compared with November, the average price per square meter rose 5.3%. The median price per square meter of apartments in the capital city grew 14.8% on year to 2,146.84 euros, while the m-o-m increase was 9.4%. Altogether 770 transactions worth 101.6 mln euros were carried out in Tallinn, figures available from the Land Board show.

In December 2018, altogether 759 transactions worth 88.6 mln euros were carried out in Tallinn.

Across Estonia, excluding Tallinn, the average price per square meter of apartments declined 0.4% to 879.04 euros in December, up 5.4% from November.

The median price per square meter was 697.28 euros, 14.3% lower than the year before. Compared with November 2019, the median price fell 1.3%.

The number of transactions outside Tallinn was 829 and the total value of the transactions was 44.1 mln euros in December, while transactions numbered 1,117 and the total value of them amounted to 56.7 mln euros the month before. In December 2018, the number of transactions outside Tallinn was 919 and the total value of the transactions amounted to 51.8 mln euros.

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