Real Estate News: Are slow officials driving real estate prices?

On 23 May Äripäev held its Real Estate Conference, which included a panel discussion titled ‘The positives and negatives of planning – are developers visionless and local governments spiteful?’ Participants in the discussion were Oliver Alver (Head of the Tallinn Urban Planning Department), Kalle Aron (Innovation Manager and Member of the Management Board at Scandium Kinnisvara) and Janar Muttik (founder and CEO of Everaus Kinnisvara).

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Everaus Kinnisvara launched the sales of the Kangru Home residential area near Tallinn

Everaus Kinnisvara has started selling the plots of the Kangru Home residential area, located in the small town of Luige in Kiili Municipality, on the outskirts of Tallinn. The exclusive development consists of 47 residential units, of which 10 private house properties are sold as plots and the rest of the development area is for private and terraced houses to be built by the developer.

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Buyers of Luige Homes will be gifted a Hagen Bikes cargo bike

Cargo bike manufacturer Hagen Bikes and real estate developers Scandium Kinnisvara and Everaus Kinnisvara have entered into strategic cooperation to promote green mobility in Harju County. As a result of the cooperation, new homebuyers of Luige Homes will be gifted an electric Hagen cargo bike.

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Keila – a small town with city-like opportunities

Keila becoming the centre of attraction of the western part of Harju County is not a major surprise to most people – the town has excellent infrastructure, very good transport links to the capital and everything necessary for everyday activities. → Read more

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Janar Muttik: Is expecting a real estate price shock justified? 10 reasons why a drastic price drop is unlikely.

While 2022 was good overall for the real estate sector, market demand started to decline in the third quarter and at the end of the year, autumn brought with it a pre-ice age cold spell, with market activity falling by a third. The wintry cold spell will certainly continue in both the first and second quarter of the year, but the economy should start to recover in summer. However, there is no reason to hope for a rapid recovery. Rather, the situation will stabilise in the second half of the year and in 2024 we will start to see signs of activation in the general economy and the real estate market.

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