Highly Active Real Estate
Market In Estonia
By: Carl Warner
The fourth quarter of 2005 was
characterized by high activity in the Estonia real estate market, especially
in Tallinn, Parnu and nearby surrounding areas. With the demand for
properties continuing, there are warnings of not enough properties to meet
demand, and the trend for increase in property prices persisted in every
field of real estate.
According to Eurostat, the statistical agency of the European Union (EU),
Estonia ranked second in the European Union for its economic growth of 10.4
percent in Q3
The market for apartments was one of the most active ones. The prices rose
around 10-20% in the last quarter throughout the sector. The increase in
prices was at times measurable in days.
The apartments are sold with little need for advertising, with a significant
part of the sales campaigns for new developments are well designed web
pages. People tend to buy their homes based on virtual designs.
The market for houses and plots of land also upholds an active market. The
most popular projects include semi-detached and terraced rows, with the
demand far exceeding the availability most clearly.
The former Soviet Baltic state has seen a surge of foreign investors since
it joined the European Union in May 2004. It enjoys one of the fastest
growing and most stable economies in eastern Europe, and large-scale,
post-accession investment is rapidly improving infrastructure.
If you are looking for good property investment opportunities and advise,
propertygem (www.propertygem.com) specialise in high growth emerging
property markets that have a proven track record. Contact us for experienced
professional services for properties in Estonia, Latvia and Bulgaria.
About The Author
Carl Warner is a director of
http://www.propertygem.com/ with many years of property
experience. This article comes with reprint rights. Feel free to reprint and
distribute as you like. All that we ask is that you do not make any changes,
that this resource text is included, and that the links above are intact.
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