Estonians are afraid of a «bubble» in the property market

04.01.2014 00:45
Articles about real estate | Estonians are afraid of a «bubble» in the property market Tallinn market became more active. With 2011 sales of apartments rose by almost 30%. Experts believe that it is too fast and it threatens the emergence of a bubble.
"Estonia is recovering too quickly after the previous crisis and overcome each crisis - a prerequisite for a new," - said the head of EfTEN Capital Arakas Villar.

Analyst Adaur Grupp Tonu Toompark convinced that the boom has already begun, but it concerns not just the market, but only residential property sector and, predominantly, old apartments.

In this case not only increased sales, but also the cost of housing. Compared with the third quarter of 2012, prices for apartments in Estonia grew by 12.7%, and home prices - by 6.8%.
Content tags: Overseas property
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