What’s going on with rental property prices?
According to statistics, compared to last year, the average cost of renting an apartment in Estonia has increased by about 20%. The biggest changes are seen in Tallinn and Tartu, where housing seekers have to count on price increases of up to 50%. If last year an average apartment was rented out for 499 euros,…
Read articleThe Ministry of Community Development plans to resolve the issue with long-term construction
The Minister for Community Development promises to take an inventory of all problematic new buildings in the country. As it became known to the portal Domik.ua, the Ministry of Development of Communities and Territories (the former Ministry of Regional Development, Construction and Housing, renamed Cabinet Decision No. 829) initiated the development of a bill that…
Read articleAnalyst: optimism returns to the real estate market
According to Arco Vara analyst Mihkel Eliste, the situation on the real estate market inspires some optimism. In the first quarter, the number of transactions in both Tallinn and Tartu and Pärnu decreased compared to the same period last year. In March of this year, 1979 purchase and sale transactions were completed on the apartment…
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