ESTONIAN REAL-ESTATE MARKET IN 2010 -

GavBelfast | 5 follow-up(s) | 05.04.2010 00:36

Well, folks, how's it looking?

Bottomed-out yet? Or still a way to go down?

culann | 13.07.2010 16:56

As of today (in my opinion) supply will be severely effected.

We will either have a flood of properties or a lot of properties will be withdrawn.

According to some sources (which I have read) a property boom lasts 6.5 years and a bust lasts 4.25 years.

However the last boom ( in Estonia) can only be traced from April 2004 -April2007 . Both 2003 as well as 2007 were stagnant years so we can calculate that this "bust" is 2.25 years old following a 3 year boom.

Regardles of what happens to prices the probability is very high that the market (which has been acteive for the last 5 months) will get busier.

It is a little bit harder to predict price direction though. However "good location and condition " will definitely show some measure of upward movement. On the other hand this may may be balanced out by downward movement in prices for less attractive property.

This is only my opinion though and maybe
"paul (?) the Octopus" may be able to provide a better opinion after showing excellent foresight during the world cup.

Tonny Otte | 27.05.2010 16:49

I think that the real estate going further down because of the bankruptcy problems in this branche and if the Euro is coming then this getting worser and worser because of the devaluation

culann | 17.05.2010 21:18

As usual we will find that the market has turned some time after the event.

Having said that there is a marked increase in the amount of interest out there so my guess is that the market has "turned".

Dan | 25.04.2010 23:26

I think prices will stay steady here in Estonia. Not go up quickly, but not drop any more.
What do you all think about the Euro coming to Estonia. How will it affect real estate prices?

m3 | 22.04.2010 15:48

Prices did go up a little compared to last fall, personally I believe there might still be a small drop coming especially if the world economy shows signs of weakening again.