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Housing sales increase in Estonia


Housing sales increase in Estonia

July 14, 2010

Over the first half of the year, the number of property sales in the country surged by 20%, compared to the same period last year.

The total value of deals has climbed down by 4%, year-on-year, The Baltic Course says, citing data provided by the Land Department. 

The number and total volume of transactions concluded in Tallinn soared by 40% and 12.7%, respectively. 

It is noted that in 2006-2007, when Estonian property market was experiencing a boom, the number of sales was almost twice higher than at present, and the total volume of transactions exceeded current indicators by nearly four times. 

Read also: Transactions with Estonian property are on the rise

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