November continued the more active trends seen on the real estate market since mid-summer, with what one realty and partner bank saw as "light anxiety" about the future.
According to the Land Board, 3,067 transactions took place, which is 2.7 percent more than in November 2010. Last year the number of transactions only topped 3,000 in two months, but the figure has remained there since August.
Total sales volume was 169 million euros - 50 million euros more than October and the second-highest monthly figure this year.
Nordea Bank commented in Uus Maa realty's overview of the market that "the real estate market is doing well but the next year is making people cautious."
Most of the cities saw the average price per square meter increase, except for Viljandi, Tartu and Rakvere. The profiles of the markets in respective cities differed substantially, from a focus on investing in some cities such as Kuressaare while Viljandi was "quiet with only need-based transactions," according to Uus Maa.
In Tallinn, November was the year's most active month, with a total of 908 transactions. The median price per square meter was 997 euros, an increase of 7.2 percent from October and 17.7 percent since last November.
Kristopher Rikken
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