Local entrepreneurs are welcoming the new year without rose-colored glasses. There are tax increases, reforms and new requirements ahead, and all this against the backdrop of an acute, ongoing shortage of specialists. Almost all sectors of the economy have to survive in such conditions. Representatives of various industries shared their expectations with DV.
After two years of calm, the real estate market in Estonia has revived. The steady growth in the number of transactions this year will continue in 2025. In the past year, there was a positive trend in the real estate market, and by November, the total value of transactions had already reached the volume of 2023.
For example, last year the total value of real estate transactions in Tallinn amounted to 1.9 billion euros, and this year it is estimated at 2.1 billion euros. In comparison, in 2021 and 2022, these volumes amounted to €2.4 billion and €2.3 billion respectively.

There were 1,729 transactions on the Tallinn apartment market in the first quarter, 1,900 in the second quarter, 2,134 in the third quarter and 1,623 in the first two months of the last quarter. Although the current transaction activity is still about a quarter below the peak reached three years ago, the growth has been steady and the capital’s apartment sales figures have increased by at least a tenth each quarter.
Growth throughout the year was mainly driven by a decline in the Euribor interbank interest rate and moderate real wage growth. As the average price per square meter did not increase, real estate became more affordable again.
Regarding prices, the increase in the number of transactions and cash flow is expected to lead to some appreciation in real estate prices.