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Construction work is starting on the banks of the River Pärnu to redevelop the Old Harbor Quarter (Vanasadama kvartal). The developer is not afraid of a predicted drop in real estate prices. ....
Finns, Swedes and Russians are all sharply pulling out of the Estonian real estate market, according to a recent analysis by real estate company LVM Kinnisvara. ....
Real estate developers admit that while they were waiting for a real estate crisis in the onset of the coronavirus pandemic, a fear of inflation has led the sector to go through a boom instead. On a foggy winter Sunday, the cornerstone of a six-apartment villa development was placed in Pärnu. As of the development s location and project, the per-square meter price of the apartment s stands at around €4,000. But developers have no reason to fear that the extraordinary prices would scare buyers off as some of the apartments are already booked. In Pärnu, more apartments were sold during 2020 than in any prior year. While the world is going through a crisis, money has not disappeared off and there is no crisis to speak of in real estate. ....