Uudiste arhiiv

Q1 2012: Estonia Sees House Price Increase Y-o-Y Whilst Global Trend Is For Fall

14.06.2012 Tõnu Toompark

According to property investment portal, Global Property Guide, whilst the global trend for house prices has been for an accelerating downturn as of Q1 2012, Estonia has been bucking that trend somewhat, even seeing something of an increase, at least as…

Credit Rating Agency Fitch Confirms Estonia at A+

13.06.2012 Tõnu Toompark

Credit ratings agency Fitch has confirmed its rating for Estonia at A+, according to a recent report on the Estonian state broadcaster ERR’s English-language website. Particularly noteworthy in Fitch’s estimation, was the accession to the Eurozone in January 2011 and…

GDP in Estonia up 3.9 per cent year on year to Q1 2012

15.05.2012 Tõnu Toompark

According to a report on the Baltic Business News, the Estonian economy saw a growth of 3.9 per cent in Q1 of 2012, with particular emphasis on construction and also retail and wholesale trade. Citing figures from the Estonian Statistics…

Statistics: Mortgage Interest Rate in Estonia at a Record Low

09.05.2012 Tõnu Toompark

According to Tõnu Toompark’s Estonian property Adaur blog, morgage rates in Estonia have fallen to a level of 3.15 per cent at the end of the first quarter of 2012. The only other time when such a low level of…

Statistics: 28 per cent of New Non-residential Space in Estonia is Located in Tallinn and Harjumaa

07.05.2012 Tõnu Toompark

According to Tõnu Toompark’s Estonian property Adaur blog, it comes as no surprise that figures from the statistics office in Estonia show that the greatest part of non-residential permits to build originate in Harju county, the most populous county in…

Statistics: 50 per cent of New Accomodation in Estonia is Made Up of 2 and 3 Room Apartments

07.05.2012 Tõnu Toompark

According to a report on Tõnu Toompark’s Estonian Property Adaur blog, 50 per cent of new residential accomodation in Estonia consists of two and three room apartments. Tõnu bases his report on data from the Estonian statistics office. On the…

Smaller Forest Land Interesting To Domestic Investors In Estonia

20.04.2012 Tõnu Toompark

Whilst the focus of this blog is on Tallinn, we sometimes like to focus on the rest of Estonia, both in terms of residential real estate and in other sectors, or related areas. This article is a translation of an…

Economic Growth in Estonia Highest in Baltic States, EU

20.04.2012 Tõnu Toompark

Estonia saw the highest economic growth in the EU in 2011 according to a report on Baltic Business News. Citing SEB bank’s Baltic Household Outlook, the article showed how in addition to Estonia’s impressive growth rate (7.6 per cent), neighboring Lithuania…

Estonian Property Prices Rising Despite Most Countries Seeing A Fall

20.04.2012 Tõnu Toompark

According to a recent global property report from prestigious real estate company Knight Frank, whilst the general global trend for house prices is for a continuing fall, Estonia is bucking this trend and seeing rising prices. Written by Kate Everett-Allen,…

Estonian Land Board – Seasonal Drop in Real Estate Sales For January

14.02.2012 Tõnu Toompark

According to analysis of data concerning property prices and transactions from the Estonian Land Board as carried out by real estate firm 1Partner Kinnisvara, whilst January 2012 saw a 40 per cent increase in the number of real estate deals…

Canadian Real Estate Company Enters the Estonian Market

27.01.2012 Tõnu Toompark

SNC-Lavalin Homburg Property Management, a company owned by two Canadian capital holding companies, has opened an office in Tallinn. Similar ventures are also being opened in Riga and Vilnius. The company was founded by one of the biggest engineering, construction…

Empty Apartments In Estonia Creating More Problems

17.11.2011 Tõnu Toompark

An increasing number of apartments in rural areas and small towns in Estonia are being left abandoned, as their owners seek employment overseas, according to a report by Sven Randlaid on the website of ERR, Estonia’s national broadcasting network, citing…

Apartment Deals, Prices In Estonia Picking Up But Caution Still Needed

28.10.2011 Tõnu Toompark

Summer 2011 apparently experienced a low volume of real estate transactions in Estonia, according to Tõnu Toompark on his adaur blog. However, the months of August and September actually saw a rise to the highest level of the year so…

Estonian Property Owners’ “Golden Handcuffs”

23.09.2011 Tõnu Toompark

The proportion of property owners in Estonia seems to be declining somewhat, despite a strong desire in Estonia to be a property owner, according to a report in Estonian business newspaper Äripaev. The article, by Silvia Kruusmaa, goes on to…

Energy Savings Pay Off When Buying Real Estate In Estonia

31.08.2011 Tõnu Toompark

When buying a new home, it seems that the biggest cost is likely to be the actual purchase price according to property developer Allan Kool, in an article published on Tõnu Toompark’s adaur blog. However, it gradually dawns on home…

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