According to the Ober-Haus Baltic market report, there is rising demand for high-end property in Estonia's capital, Tallinn.
Residential real estate sales in the city climbed by around 30 per cent in the six months from January to June, while the value of transactions was up on a quarterly and annual basis.
Meanwhile, the organisation revealed the level of construction activity taking place in Estonia has declined as a result of higher building costs.Going forward, Ober-Haus expects sales volumes to increase during the third quarter of this year, with property prices in Estonia remaining broadly stable.
Earlier this year, Global Property Guide highlighted Estonia as one of the world's top-performing real estate markets. Its global house price index for the first quarter of this year revealed property values grew by 9.13 per cent annually.
Comments