Estonia property finishes 2010 strongly
By Steve Binge

Estonia property finishes 2010 strongly

Residential property prices in Baltic cities finished the year relatively stable, new figures have shown.

The latest Ober-Haus Real Estate Advisors statistics show that apartment prices in eastern European states are climbing, although they remain well below their 2007 peak.

Indeed, in the Estonian city of Tallin prices have climbed by 7.9 per cent year-on-year compared to December 2009.

Added to this, transaction levels in the city have soared, with 22 per cent more purchases registered, those interested in buying property in Estonia may be interested to learn.

Meanwhile, elsewhere in the country, the price of apartments in Riga have increased by 5.1 per cent over the past 12 months, but prices are considerably lower - by around 60 per cent - from the peak of the market in 2007.

Activity in residential districts was poor due to the holiday season over Christmas and New Year and uncertainty about real estate prices in 2011, the Ober-Haus report added. But there is still a lot of interest in exclusive city centre developments where most buyers are from overseas.

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