Real estate and rental prices in Estonia have increased the most in the entire EU since 2010, according to Eurostat data, ERR reports. Real estate prices in Estonia have tripled and rental prices have increased by 212% between 2010 and the first quarter of 2023. Average real estate prices in the EU rose by almost…
Housing prices in the Baltic States rose the fastest in Lithuania in the first quarter of 2023, according to Eurostat data, BNS reports. Compared to a year earlier, housing prices rose by 13.1% in Lithuania, which was the second-highest increase in the EU. Housing prices in Estonia rose by 9.2% and in Latvia by 6%…
The Estonian property developer, Estera Saue, plans to build a new residential area in Saue municipality, on the outskirts of Tallinn, ERR reports. The housing project will consist of over 1,000 apartments primarily targeted at young families. The project will include a mix of apartment buildings, terraced houses, private houses, and commercial premises. Amenities such…
Estonian property developer Kapitel plans to build a new five-storey apartment hotel on Kalasadama Street in Tallinn’s Kalamaja neighbourhood, ERR reports. Martin Rebane, development director at Kapitel, estimated the construction costs at EUR 30-40mn. He said that the hotel would cater to both short-term and long-term accommodation. The 4,170 m2 hotel will have 206 rooms,…