In Estonia, the decrease in the number of deals with housing





07.06.2010 12:22
In I quarter the number of transactions with apartments in Estonia decreased by 14% from the previous quarter.

The total value of deals fell by 12%. However, in comparison with I quarter 2009 the number and volume of sales of apartments in the country increased by 19% and 47% respectively, according to a report of Ober-Haus.

In Tallinn, the most popular apartments cost € 50-96 thousand. Apartments in need of repair, were sold from € 640 per square. m. flats in good areas, priced at € 1200-1790 per sq. m, and in the Old City - to € 2045 per sq. m

Detached house in Tallinn and the suburbs were sold in the I quarter at a price € 83-115 thousand. Under construction or in need of repair facilities at a distance from Tallinn cost about € 38-95 thousand.

According to experts, by the end of the year house prices in the country stabilized. Buying activity will largely depend on the credit policy of the Estonian banks: the number of transactions will increase if conditions for the issuance of mortgage will be more favorable.
zagorodna.com
Content tags: Housing Price statistics
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