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The Estonian real estate market is currently very active and demand is much higher than apartments available, experts say. The fear of real estate running out has also increased prices, but since developments have picked up, the chances of a drought are soon decrease.
The real estate market has heated up considerably and three-four room apartments seem to be the hot commodity, said Uus Maa real estate bureau broker Ketlin Jundas. Before the health crisis, investors found one-two room apartments to be good deals, it is family apartments today, she said.
Both new developments and old apartments are being bought out with interest levels high for all other kinds of real estate as well, Jundas said. Data from Uus Maa real estate bureau, active across Estonia, shows that real estate deals are active not only in Tallinn but other regions as well.