Our overview uncovers the essence of the luxury real estate market. In 2023, apartment transactions surged to 195, boasting a median price of €5,252/m², reflecting a notable 6.5% increase from 2022. Despite a decrease in house transactions to 20, the median price ascended to €970,000. Additionally, plots experienced a slight uptick in transactions, ensuring pricing stability amidst their unique offerings. Read the full market overview below!

Estonian Luxury Real Estate Market Overview 2023

The real estate market in March remained low in terms of activity, confirming the stability observed over the past year, reminiscent of the levels seen in 2016.

March Market Overview – March didn’t bring a market turning point

The number of listings has been on the rise in both the sales and rental markets. We can see that in order to facilitate transactions, sellers in the sales market need to offer a discount of 5-10%, and in the rental market, sometimes up to 20%.

February Market Overview – Increase in Listings Leads to Price Adjustment

Our leading premium real estate agent Lii Salusaar provides insight into high-end property market: unraveling the impact of global uncertainty, the world economy, and evolving lifestyles, and the opportunities that arise.

Luxury Real Estate Insights: Unveiling Trends and Opportunities

The Estonian apartment market continues on the wave of stability, but due to changes in transaction structure, we also anticipate statistical price declines this year.

January market overview – borrowing becomes cheaper, purchasing power improves, and prices slightly dip

According to Igor Habal, the leading analyst and board member of Estonia's largest real estate agency Uus Maa, the most favorable time to buy real estate is likely in the first half of this year, at the peak of low consumer confidence, before the first significant drop in the Euribor rate.

The best time to purchase real estate comes before the decline of Euribor

The apartment market has overcome the bottom of the year-end 2022 and the beginning of 2023, continuing on a stable trajectory, albeit with a 20–25% decrease from the peak. In December, a record median price was set, but appearances can be deceiving.

December market overview – median price record set

We surprised our clients and partners with a discovery-rich art adventure – together, we explored the mission of KOOS Gallery, its truly passionate essence, and timeless art. Of course, it included excellent company, intriguing discussions, and culinary delights.

Memorable LUXUM client evening at KOOS Gallery

Our latest news, market insights, and media highlights

Our latest news, market insights, and media highlights

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