Uudiste arhiiv

 

Estonian Housing Offer Prices Holding Back Market Index

24.06.2011

As recently posted on this blog, a sluggish real estate market in provincial Estonia is having a deleterious effect on the Estonian housing market as a whole, as reflected in the kv.ee index. According to Tõnu Toompark’s Adaur blog, neither…

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Index Of Repair And Reconstruction Prices In Estonia Have Risen By 1.7 Per Cent

13.06.2011

According to Tõnu Toompark’s Adaur blog, the price index for repair and reconstruction work in Estonia appears to be following that of construction itself, seeing a recent rise. Whilst the price index for construction work in the first quarter of…

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Statistics: The Ratio Of New To Existing Housing Stock

17.05.2011

Estonian Statistics Office data for 2010 has demonstrated that some 2324 units consituted new living space, which in total represents an increase of some 0.36 per cent in the amount of housing stock. This translated to an increase in total…

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Statistics: No Change In Loans Interest Rates

17.05.2011

Euro-based home loans rates have remained unchanged in the range of 3.2 to 3.4 per cent, despite small rises in the Euribor index of European lending rates since 2009, according to Tõnu Toompark on his adaur.ee blog. The monthly rate…

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Colliers: 2011 Best Year For Estonian Commercial Real Estate

27.04.2011

Compared with the first quarter of 2010, the number of commerical real estate deals in Estonia has fallen by 18 per cent. However, their size and value has actually increased. The monthly average transaction value has risen by 48 per…

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Estonian Construction Volume Still Falling

21.04.2011

According to Estonian Statistics Office data, the index of construction volume for the fourth quarter of 2010 fell by 4.7 per cent compared with the same period a year ago, as reported on Tõnu Toompark’s Adaur blog. Aside from the…

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Residential Real Estate Offers In Estonia Showing An Increase

19.04.2011

Real estate portal KV.ee’s index of property prices in Estonia seems to be on a horizontal plane at the moment, according to Tõnu Toompark’s Adaur blog. The Index currently stands at 61.9 points, 1.7 per cent lower than this time…

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Euribor Increase To 1.25%: Effects On Estonian Property Market

10.04.2011

The European Central Bank (ECB)’s decision to raise the Euribor index of lending rates to 1.25% on Thursday last (7th April) perhaps comes as no surprise, and it seems likely that further rises are due for the course of 2011.…

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Construction Insider: Tallinn Property Market Suffering From An Offers “Drought”

05.04.2011

Astlanda OÜ board member Kajar Kruus has provided an interesting perspective on the current situation in the real estate market in Tallinn, the indicators and reasons behind its seeming upturn as well as shedding some light on the realities behind…

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Statistics: Employment on the Rise

29.03.2011
Number of employed and unemployed persons, in thousands, per quarter

According to the Statistics Board, Estonia had a total of 593 000 employed persons as of Q4 2010. At the same time, the number of unemployed persons was 93 000. An extra 15 000 people found employment during the quarter,…

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Statistics: Estonian Economy Only 16 Per Cent Below Boom Years Peak

25.03.2011

After two years of deep recession, further evidence of a return to the earlier days of economic growth, when using GDP per capita as an indicator, has been provided by Tõnu Toompark’s real estate blog. Tõnu writes that the downturn…

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Value of real estate transactions growing

22.03.2011
Number of notarized sales contracts

31 447 sales of real estate units were recorded in 2010, according to the Statistics Board. The total value of these contracts was 1,234 billion euro. The number of contracts increased by 18% year-on-year, while the value of contracts increased…

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Tallinn Property Price Index Unchanged

15.03.2011

As recently posted on this blog, there was a recent blip upwards  in the otherwise generally stagnant level of property prices in Tallinn, at least according to real estate portal kv.ee‘s index of prices. It seems that things have reverted…

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Non-residential spaces with use permits are smaller than last year

15.03.2011
Number of non-residential spaces granted use permits (left axis) and useful area, m2 (right axis)

825 non-residential spaces have received use permits in 2010, according to the Stastics Board. To compare, in the last five years an average of 2700 non-residential spaces have received construction permits annually. As such, it can be claimed that many…

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Statistics: Number of non-residential construction permits decreases

08.03.2011
Number of non-residential spaces granted construction permits (left axis) and useful area, m2 (right axis)

According to the Statistics Estonia, a total of 2449 non-residential spaces have received construction permits in Estonia in 2010. Compared to the previous year, the number of construction permits decreased by 11%. Year-on-year, this is the fourth consecutive drop, following…

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