Statistics: Residential development loan balance down by 17% in a year

18.11.2013

According to the Bank of Estonia, the balance of loans granted for investment properties and development in Q3 2013 was €1.7 billion. This is 4.6% less than in the previous year.

The loan balance of retail property financing has decreased by 21% and the loan balance of residential development by 17%.

The decrease in the residential development loan balance is the result of the low new loan turnover. In Q3 2013 banks issued loans in the amount of €7.5 million for residential development, which is one of the lowest figures in recent years.

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http://tallinn-property.goodsonandred.com/2013/11/statistics-residential-development-loan-balance-down-by-17-in-a-year/

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