Endover, which last year had the largest turnover in new deals among real estate developers, presents itsforecasts for the real estate market for 2023. The most important of them are a slowdown in price decline, getting used to higher interest rates, a revival of the market, a shortage of new apartments and the popularityof apartments by the sea in Tallinn.
A total of 1,235 apartments in new buildings were sold in Tallinn last year, with Haabersti being the most popular area. The total value of transactions with apartments amounted to 330 million euros, with the average price of a new apartment purchased in the capital amounting to almost 267,000 euros and 4,191 euros per square meter. Last year, about 1.6 million euros were paid for the most expensive apartment in the new building. Most transactions with new apartments were concluded by Endover, Merko, Bonava, Invego and YIT.