5 Inspirational Kitchens from Tallinn to Pärnu
As staying inside has become safest place to be, it's obvious that for the moment we can only fondly remember the simple luxury as going to eat. But that doesn't mean we couldn't indulge in cooking and dining inside our own homes! For the inspiration of your next bake off or cooking spree, explore our 5 favourite kitchens from Tallinn Old Town to Pärnu, Estonia!
1. Fully Equipped Professional Kitchen with Gaggenau Appliances in Tallinn Old Town
Suur-Karja, Tallinn Old Town, Estonia
Discover more here: https://ee.balticsothebysrealty.com/en/real-estate/rent-apartment-harjumaa-tallinn-suur-karja-194744/
2. Unparalleled Professionally Equipped 19th Century Kitchen in Staelenhof Manor
Staelenhof Manor, Pärnumaa, Estonia
Discover more here: https://ee.balticsothebysrealty.com/en/real-estate/sell-mansion-castle-parnumaa-moisa-tee-194656/
3. Double Ovens, Hardwood Cabinetry and Stunning Artwork in Pirita Kitchen
Masti, Pirita, Tallinn, Estonia
Discover more here: https://ee.balticsothebysrealty.com/en/real-estate/rent-apartment-harjumaa-tallinn-masti-194972/
4. Contemporary All-Custom Hardwood Kitchen in Merirahu, Tallinn
Merirahu, Tallinn, Estonia
Discover more here: https://ee.balticsothebysrealty.com/en/real-estate/sell-house-harjumaa-tallinn-merirahu-184228/
5. Granite Countertops in Bright and Light Kohtu Street Kitchen
Kohtu, Tallinn Old Town, Estonia
Discover more here: https://ee.balticsothebysrealty.com/en/real-estate/sell-apartment-harjumaa-tallinn-kohtu-168042/
5 Inspirational Kitchens from Tallinn to Pärnu
As staying inside has become safest place to be, it's obvious that for the moment we can only fondly remember the simple luxury as going to eat. But that doesn't mean we couldn't indulge in cooking and dining inside our own homes! For the inspiration of your next bake off or cooking spree, explore our 5 favourite kitchens from Tallinn Old Town to Pärnu, Estonia!
1. Fully Equipped Professional Kitchen with Gaggenau Appliances in Tallinn Old Town
Suur-Karja, Tallinn Old Town, Estonia
Discover more here: https://ee.balticsothebysrealty.com/en/real-estate/rent-apartment-harjumaa-tallinn-suur-karja-194744/
2. Unparalleled Professionally Equipped 19th Century Kitchen in Staelenhof Manor
Staelenhof Manor, Pärnumaa, Estonia
Discover more here: https://ee.balticsothebysrealty.com/en/real-estate/sell-mansion-castle-parnumaa-moisa-tee-194656/
3. Double Ovens, Hardwood Cabinetry and Stunning Artwork in Pirita Kitchen
Masti, Pirita, Tallinn, Estonia
Discover more here: https://ee.balticsothebysrealty.com/en/real-estate/rent-apartment-harjumaa-tallinn-masti-194972/
4. Contemporary All-Custom Hardwood Kitchen in Merirahu, Tallinn
Merirahu, Tallinn, Estonia
Discover more here: https://ee.balticsothebysrealty.com/en/real-estate/sell-house-harjumaa-tallinn-merirahu-184228/
5. Granite Countertops in Bright and Light Kohtu Street Kitchen
Kohtu, Tallinn Old Town, Estonia
Discover more here: https://ee.balticsothebysrealty.com/en/real-estate/sell-apartment-harjumaa-tallinn-kohtu-168042/
New York Times Ad Featuring Serene Baltic Estates
When it comes to high-quality journalism, there aren’t many publications matching the level of New York Times. And as the newspaper of New York City, Baltic Sotheby’s International Realty has no greater honour to showcase impressive Baltic properties to one of the most influential cities in the world. Also a great feature- to adorn the whole cover of Sotheby’s International Realty ad with our beautiful Lithuanian Curonian Lagoon Villa.
Below, we are sharing a bit more about every Baltic property that was featured in the world renowned New York Times:
1. The Cover Property- Curonian Lagoon Villa in Lithuania
A unique villa on a spacious 60 ares’ land plot which has been groomed down to the smallest detail is offered for sale. A residence in Pervalka on the coast of the Curonian Lagoon is incorporated into the natural landscape and is a perfect example of ageless architecture.
Discover more HERE
2. Impeccable Staelenhof Manor in Estonia
On the bank of River Pärnu, lies one of the most exclusive private estate’s in Estonia, the Staelenhof Manor. The Neo-Renaissance building was originally constructed in 1852, impeccably renovated in 2015, and now offers more than 837 square meters of marvellous living space and more than 7 hectares of ancient manor lands.
Discover more HERE
3. Grand Riga Old Town Condo on Three Levels in Latvia
Located in Riga Old Town’s Architectual monument, Vilhelma Nami, this apartment on three levels is meticulously hand-crafted modern and comfortable for people who value true quality and luxury. For the comfort of the future residents, the residential complex offers its own SPA and a functional gym. There is also a small courtyard that is closed to prying eyes from all sides, overlooking the Anglican Church.
Discover more HERE
4. Sophisticated Seaside Residence in Jurmala, Latvia
This sophisticated residence is located on the shores of the Baltic Sea and in the most beautiful spa town in the Baltic States – Jurmala. The three-storey home is in a quiet location and alongside a park of pine trees. The house has 1100 m2 of floor space and offers unforgettable views of the sea and surrounding territory.
Discover more HERE
5. 19th Century Vihterpalu Manor in Estonia
First mentioned in 1586, Vihterpalu manor’s majestic late Classicist main house dates back to the 1820s, when it belonged to noble Baltic German family, von Knorrings. Being one of the most beautifully renovated manors in Estonia, Vihterpalu boasts majestic two-storey classicist main building, featuring a bright front facade adorned with three triangular frontispieces and a grand double staircase.
Discover more HERE
6. Exquisite Architectural Wonder in Vilnius, Lithuania
Graceful, luxury house on Kiškiu Street, Vilnius overwhelms you with elegance and impeccable quality once you step over the threshold of the building. This perfect combination is harmoniously complemented with the soughing pines, the feeling of calmness, safety and privacy because the location of the house is, perhaps, the most private in the territory of Valakampiai.
Discover more HERE
New York Times Ad Featuring Serene Baltic Estates
When it comes to high-quality journalism, there aren’t many publications matching the level of New York Times. And as the newspaper of New York City, Baltic Sotheby’s International Realty has no greater honour to showcase impressive Baltic properties to one of the most influential cities in the world. Also a great feature- to adorn the whole cover of Sotheby’s International Realty ad with our beautiful Lithuanian Curonian Lagoon Villa.
Below, we are sharing a bit more about every Baltic property that was featured in the world renowned New York Times:
1. The Cover Property- Curonian Lagoon Villa in Lithuania
A unique villa on a spacious 60 ares’ land plot which has been groomed down to the smallest detail is offered for sale. A residence in Pervalka on the coast of the Curonian Lagoon is incorporated into the natural landscape and is a perfect example of ageless architecture.
Discover more HERE
2. Impeccable Staelenhof Manor in Estonia
On the bank of River Pärnu, lies one of the most exclusive private estate’s in Estonia, the Staelenhof Manor. The Neo-Renaissance building was originally constructed in 1852, impeccably renovated in 2015, and now offers more than 837 square meters of marvellous living space and more than 7 hectares of ancient manor lands.
Discover more HERE
3. Grand Riga Old Town Condo on Three Levels in Latvia
Located in Riga Old Town’s Architectual monument, Vilhelma Nami, this apartment on three levels is meticulously hand-crafted modern and comfortable for people who value true quality and luxury. For the comfort of the future residents, the residential complex offers its own SPA and a functional gym. There is also a small courtyard that is closed to prying eyes from all sides, overlooking the Anglican Church.
Discover more HERE
4. Sophisticated Seaside Residence in Jurmala, Latvia
This sophisticated residence is located on the shores of the Baltic Sea and in the most beautiful spa town in the Baltic States – Jurmala. The three-storey home is in a quiet location and alongside a park of pine trees. The house has 1100 m2 of floor space and offers unforgettable views of the sea and surrounding territory.
Discover more HERE
5. 19th Century Vihterpalu Manor in Estonia
First mentioned in 1586, Vihterpalu manor’s majestic late Classicist main house dates back to the 1820s, when it belonged to noble Baltic German family, von Knorrings. Being one of the most beautifully renovated manors in Estonia, Vihterpalu boasts majestic two-storey classicist main building, featuring a bright front facade adorned with three triangular frontispieces and a grand double staircase.
Discover more HERE
6. Exquisite Architectural Wonder in Vilnius, Lithuania
Graceful, luxury house on Kiškiu Street, Vilnius overwhelms you with elegance and impeccable quality once you step over the threshold of the building. This perfect combination is harmoniously complemented with the soughing pines, the feeling of calmness, safety and privacy because the location of the house is, perhaps, the most private in the territory of Valakampiai.
Discover more HERE
5 Beautiful Estonian Homes Featuring Tranquil Outdoor Entertaining Areas
Having half of our country’s territory occupied by forest and untouched nature, Estonians understand the importance of outdoor living. Making enjoying the weather, greenery and calming sounds of nature a breeze, homes featuring outdoor entertaining spaces are highly desired all across the country and we have picked our 2020 favourites below! Click on images or the headlines to discover more.
"The best thing about summer entertaining is it doesn't have to be fancy - and you can eat outdoors. You can use a tablecloth or just a piece of fabric you love. You can't go wrong with white candles; put them in jars or hurricane vases."
Katie Lee
Lohusalu tee 157, Harjumaa, Estonia
Seating at least 20 guests, this covered outdoor terrace is perfect for celebrating, dining and entertaining! Featuring a kitchen corner, pizza grill, space heaters and even a fire pit, this terrace makes hosting large parties a breeze.
Vihterpalu manor, Harjumaa, Estonia
Located right next to the main manor house, Vihterpalu manor’s sauna house offers serene swimming pond, great for taking a cooling dip after Finnish sauna experience! To offer comfort for the owner and the guests, the sauna house also features 12 bedroom suites, entertaining areas and outdoor terrace.
Staelenhof manor, Pärnumaa, Estonia
Historically distinctive, Staelenhof manor in Pärnumaa, Estonia, features an outdoor terrace which lays on the foundation for the second half of the manor! To make the open-air events hosted there even more rememberable, the ground level terrace is only 50 meters away from the Pärnu river!
When the mood is dining al fresco in Tallinn, what better way to dine than while enjoying the sea and skyline of the city? The two spacious Kimsi tee 5 outdoor terraces face the Tallinn Bay and finely maintained yard, offering both the views and the space to fit everyone comfortably.
Palderjani tee 11, Tallinn, Estonia
Late summer night discussions with friends and family have a perfect spot in the Palderjani tee 11 beautiful terrace. Located right next to the Finnish sauna lounge, the covered terrace offers spotlights highlighting the tall pine trees, space heaters and integrated Bose sound system, making the nights spent there perfect for relaxing and unwinding.
New York Times: “House Hunting in Estonia: A 19th-Century Manor With Modern Style”
Baltic Sotheby's International Realty had a pleasure to cooperate with the New York Times to create their latest article "House Hunting in Estonia: A 19th-Century Manor With Modern Style". The Staelenhof Manor featured in the article is presented by Baltic Sotheby's International Realty and is on the market with 3.9 million euros.
The real estate article is written by Alison Gregor and it both reviews the extraordinary manor in Pärnumaa, Estonia and also offers a know-how to any person looking to invest in Estonian real estate.
"19th Century Bones, 21st Century Flair"
Alison Gregor, The New York Times
The story is illustrated with Johannes Arro and Terje Ugandi's photography and features a commentary by Baltic Sotheby's International Realty's sales associate Ebe-Kai Mutso, who is the Staelenhof Manor's representative agent.
To read the New York Times article see the link here or discover the historical Staelenhof Manor further here.
New York Times: “House Hunting in Estonia: A 19th-Century Manor With Modern Style”
Baltic Sotheby's International Realty had a pleasure to cooperate with the New York Times to create their latest article "House Hunting in Estonia: A 19th-Century Manor With Modern Style". The Staelenhof Manor featured in the article is presented by Baltic Sotheby's International Realty and is on the market with 3.9 million euros.
The real estate article is written by Alison Gregor and it both reviews the extraordinary manor in Pärnumaa, Estonia and also offers a know-how to any person looking to invest in Estonian real estate.
"19th Century Bones, 21st Century Flair"
Alison Gregor, The New York Times
The story is illustrated with Johannes Arro and Terje Ugandi's photography and features a commentary by Baltic Sotheby's International Realty's sales associate Ebe-Kai Mutso, who is the Staelenhof Manor's representative agent.
To read the New York Times article see the link here or discover the historical Staelenhof Manor further here.
Ülevaade Tallinna ja seda ümbritsevate valdade elamute turuolukorrast. 2023 01- 05
Müügitehingute andmed pärinevad Maa-ameti kinnisvarastatistikast, pakkumise info kinnisvaraportaalist kv.ee.
Tallinnas ja Tallinnat ümbritsevates valdades (Viimsi, Jõelähtme, Rae, Kiili, Saku, Saue, Harku) asuvate elamutega tehtud müügitehingute arv on kukkunud järsult. Kui 2021 aasta keskmisena tehti kvartalis ~200 müügitehingut, siis 2022 esimese kolme kvartali keskmine tehtud tehingute arv langes ~130-ni, 2022 aasta viimases kvartalis ~100-ni ja käesoleva aasta esimeses kvartalis juba ~80-ni.
Seega oli 2021 aasta teise kvartali 236-st tehingust kahe aastaga järgi jäänud vaid kolmandik. Eelmise aasta sügisel alanud tehingute arvu languse põhjusteks olid järsult kasvanud intressimäärad ja energiahinnad, mis põhjustasid potentsiaalsete ostjate ebakindluse ja ostuotsuste edasilükkamise. Käesoleva aasta kevadel on näha, et energiahinnad on oma tippudest oluliselt langenud ja kerkinud intressitasemega hakkavad inimesed samuti leppima, see on kaasa toonud ostuhuvi vaikse taastumise. 2023 aasta teise kvartali kahe esimese kuuga tehtud tehingute arv on juba suurem kui see oli esimeses kvartalis: 91.
Müügipakkumiste arv (aktiivsete müügikuulutuste arv portaalis kv.ee kvartali esimesel päeval), mis oli 2021 aasta algusest kuni 2022 aasta esimese kvartalini ~1100 ümber, hakkas seejärel kiiresti kasvama ja jõudis 2022 aasta viimases kvartalis ~1650-ni. Käesoleva aasta alguses oli pakkumiste arv ca 1100, mis on tingituna pikematest pühadest tavapärane. Teises kvartalis pakkumiste arv suurenes ca 1320-ni.
Pakkumiste arvu tõusul näeme kahte põhjust – esiteks alustasid paljud eramajade arendajad, kes nägid 2021 aasta suurt nõudlust ja hinnatõusu, ette senisest suuremas mahus uusi objekte. Samuti alustati mitmete suuremamahuliste eramute arendusprojektidega; teiseks on rohkem tulnud objekte müüki suurenenud laenu- ja kommunaalkulude tõttu.
Elamutega, mille müügihinnaks oli 500 000 EUR või rohkem, tehti käesoleva aasta esimese nelja kuuga Harjumaal kokku 23 müügitehingut. Kalleim müüdud elamu maksis 800 000 EUR, see asus Viimsi vallas ja oli ~250 m2 üldpinnaga. Üle 700 000 EUR-ga müüdi veel ~255 m2 suurune elamu Pirita linnaosas (760 000 EUR) ja ~250 m2 suurune elamu Saue vallas Veskimöldre2 elamurajoonis (730 000 EUR).
Müügipakkumisi Harjumaa majadele hinnaga üle 500 000 EUR on portaalis kv.ee ligi 300 (nende seas on ka mõned vanalinna majad, kortermajad, mõisad ja äriotstarbelised hooned), sealhulgas peaaegu 70 objekti, mille hinnaks küsitakse üle 1 mln EUR.
Kalleimad müügiks pakutavad ühepereelamud on kaks objekti, mõlemad hinnaga 2,2 mln EUR: ~475 m2 elamu Pirita linnaosas ja ~390 m2 suurune elamu Nõmmel.
Prognoos.
Näeme turuaktiivsuse vaikset tõusu ja heal juhul jõuame järgnevatel kvartalitel 2022.a. olnud ca 130 tehingu lähedale kvartalis.
Elamute ostuhuvilised pööravad valikut tehes järjest suuremat tähelepanu ökonoomsusele. Seepärast on paremas seisus uute objektide müüjad, kes on panustanud kaasaegsetesse kütte- ja ventilatsioonilahendustesse ning näiteks paigaldanud hoonele lisaks päikesepaneelid.
Võib ette näha, et vanemate majade hinnad pigem langevad. Vanemate majade hulka ei arva me mitte ainult eelmisel sajandil valminud objekte – ka juba 10 aasta vanuste majade tehnilised lahendused võivad vajada tänapäevastamist ja objekt ise värskendamist. Seega ei ole kuidagi põhjendatud vanematel majadel ja ridamajakorteritel sellised pakkumishinnad, mis on sageli võrdsed või suuremadki kui viimase paari aasta jooksul valminud objektidel.
Arvestades suurt pakkumiste hulka võrreldes reaalselt tehtavate tehingute arvuga on selge, et müügiperioodid on oluliselt pikenenud. Ostuhuvilistel on lai valik ja tõenäoliselt see suureneb veelgi. Tehinguteni jõuavad eelkõige objektid, mis on heas korras, ökonoomsed kuid eelkõige õigesti hinnastatud.
URMAS TEHVER
Turuanalüüs & Nõustamine
+372 513 1410
+372 644 3446
urmas.tehver@balsir.com
Private House Market Overview: Tallinn and its Surrounding Municipalities. The Beginning of 2023
The sale transaction information is derived from the property statistics published by the Land Board, and information on sale ads from the kv.ee property portal.
The number of house sale transactions conducted in Tallinn and its surrounding municipalities (Viimsi, Jõelähtme, Rae, Kiili, Saku, Saue, and Harku) has fallen drastically. The average number of sale transactions per quarter was approximately 200 in 2021; in the first three quarters of 2022, the number decreased to an average of approximately 130, in the last quarter of the same year to 100, and in the first quarter of this year to as low as about 80.
Within two years the 236 transactions conducted in the second quarter of 2021 shrunk to only a third of it. The number of transactions started to fall in the autumn last year due to rapidly increasing interest rates and energy prices which caused potential buyers to become hesitant and to postpone their purchasing decisions. By this year’s spring energy prices have come significantly down from their peaks and people are also beginning to come to terms with higher interest rates. This has resulted in a gradual recovery of buying interest. The number of transactions conducted during the first two months of the second quarter of 2023 is already higher than it was in the first quarter: 91.
The number of sales offers (active sale ads on the kv.ee portal on the first date of the quarter) – which hovered around approximately 1,100 from the beginning of 2021 to the first quarter of 2022 – started thereafter to vigorously grow and reached 1,650 in the last quarter of 2022. This year began with the offer number being about 1,100 which is normal considering the holiday season. In the second quarter the number increased to around 1,320.
There are two reasons for this: firstly, many developers of private residences, having seen the high demand and price hike in 2021, took on a greater volume of new sites. Furthermore, several large-volume residential developments were put in action. Secondly, more properties are put on sale due to increased loan and utility costs.
Within the first four months of this year, a total of 23 residences priced at EUR 500,000 or more were sold in Harju County. The most expensive house cost EUR 800,000. It is located in Viimsi Municipality and has a total area of approximately 250 m2. Two more houses sold for more than EUR 700,000: one of around 255 m2 in Pirita (EUR 760,000) and one of around 250 m2 in the Veskimöldre2 residential area in Saue Municipality (EUR 730,000).
There are nearly 300 private residences in Harju County offered for sale at more than EUR 500,000 on the kv.ee portal (including some houses in the Old Town, some apartment blocks, manors, and houses for a commercial purpose) of which almost 70 are priced at over EUR 1 million.
The most expensive private residences are both priced at EUR 2.2 million: one of approximately 475 m2 in Pirita and one of approximately 390 m2 in Nõmme.
Prognosis
We are witnessing a gradual rise in the market activity, and if all goes well, the number of transactions could, within the next quarters, come close to the level of approximately 130 transactions per quarter seen in 2022.
Buyers interested in private residences are increasingly mindful of economic efficiency when making their choices. Those selling new objects with contemporary heating and ventilation solutions and who have installed, for instance, solar panels are therefore in a better position.
The prices of older houses are probably on a downward path. Older houses are not considered to include solely those built in the previous century. The technical solutions of as new as only 10 years old houses may require updating and the house itself some renovations. The prices at which older houses and terraced apartments are offered – often at a price equal to or even higher than that of an object built within the last couple of years – are therefore not reasonable by any means.
Considering the high volume of offers compared to the number of actual transactions conducted, it is clear that sale periods have become significantly longer. The selection is extensive for buyers and will in all likelihood grow even more. Transactions will be closed, first and foremost, with those objects that have been kept in good condition, are economical and priced correctly.
URMAS TEHVER
Market Research & Advisory
+372 513 1410
+372 644 3446
urmas.tehver@balsir.com
Tallinna korterite turuülevaade - 2023 aasta esimesed viis kuud.
Müügitehingute andmed pärinevad Maa-ameti kinnisvarastatistikast, pakkumise info kinnisvaraportaalist kv.ee.
Tallinna korteritega tehtud müügitehingute arv oli jaanuaris 457, mis on ülivõimsalt viimaste aastate madalaim näitaja. Veebruaris tõusis müügitehingute arv 617-ni ja märtsis veel üle 200 võrra – 827-ni. Aprillis toimus väike tagasilangus, kui tehti 702 müügitehingut, kuid mais tõusis tehingute arv järsult 947-ni.
Seega on 2023 aasta esimese viie kuu keskmiseks tehingute arvuks 710, võrdluseks 2022 aasta keskmiseks oli 805 ja 2021 aastal 907 müügitehingut kuus.
Tehingute arvu kõikumist mõjutab üsna palju arendusprojektides valminud korterelamutes müükide vormistamine. Peale maja valmimist toimub tavaliselt kuu-kahe jooksul selles asuvate korterite müügitehingute lõplik vormistamine (asjaõiguslepingute sõlmimine). Tegelikult on enamus nendest tehingutest kokkulepitud aasta kuni kaks varem, seega ka nende tehingute hinnatase ei peegelda turu hetkeseisu. Tõusval turul on selliste vormistamiste hinnatase samal ajal müüdavate sarnaste korterite omast madalam, langeval turul aga kõrgem.
Uute korterite vormistamiste arv on aasta esimestel kuudel olnud ~110-st kuni ~320-ni kuus, osakaal kuu müügitehingute koguarvust on vahemikus 24…34%.
Korteriomandite keskmine m2 müügihind jõudis eelmise aasta detsembris esimest korda üle 3000 EUR/m2 – täpsemalt 3178 EUR/m2-ni. Käesoleva aasta jaanuaris see natuke langes ja oli 2762 EUR/m2, veebruaris jõudis eelmise aasta lõpu tasemele – 2965 EUR/m2, jäi sellele tasemele püsima veel kaheks kuuks (märtsis 2927 ja aprillis 2976 EUR/m2) ning mais toimus järsem hüpe kui keskmine hind jõudis 3206 EUR/m2-ni.
Hinnakasv on, nagu eelnevalt kirjeldatud, põhjustatud eelkõige juba varem kokkulepitud uute korterite müükide osakaalust kogu tehingute arvus. Eelmise aasta lõpust alates on vormistatud, märgatavas mahus, mitmes kallima hinnataseme arendusprojektis (Kalaranna tn, Vesilennuki tn, Uus-Volta tn) valminud korterite müüke. Lisaks oli maikuus kogu uute korterite müükide vormistamise osakaal viimaste kuude kõrgeim.
Kvartaalses arvestuses tehti käesoleva aasta esimeses kvartalis Tallinnas kokku 1899 korteri müügitehingut. Jättes kõrvale 2020.a. teise kvartali, mida mõjutasid koroonapiirangud, oli viimati tehingute arv kahest tuhandest allpool 2015 aasta esimeses kvartalis (1931).
500 000 EUR ja suurema müügihinnaga korteritega tehti aasta esimese viie kuuga 92 tehingut, neist 63 tehingut olid arendusprojektides asuvate korterite müükide vormistamised ja 29 tehingud järelturul.
Rohkem kui 1 mln EUR müügihinnaga tehinguid oli seitse, neist kuus olid uute korterite vormistamised. Järelturu tehingutest kalleim oli hinnaga 1,05 mln EUR.
Tuleb mainida, et kõik kallimad järelturul müüdud korterid asusid samuti uutes või viimase paari aasta jooksul valminud majades.
Müügipakkumises on üle 500 000 EUR hinnaga kortereid ligi 220 tk, neist üle 1 mln EUR pakkumishinnaga 15. Kalleimaks müügis olevaks korteriks on Kadrioru piirkonna uuemas majas asuv ~235 m2 suurune korter pakkumis hinnaga 2,2 mln EUR.
Prognoosime, et korteritehingute arv suvekuudel jääb aasta alguse keskmise taseme lähedale, suurusjärku ~700…750 tehingut kuus. Sügisel võiks oodata järelturu tehinguaktiivsuses väikest kasvu, samas kogu tehingute arvu mõjutab samuti ehituses olevate korterite valmimine ja nende müükide vormistamine.
Uute korterite müügiperioodid kindlasti pikenevad, müügihindades me olulist muutust s.t. langust ei prognoosi. Näha võib järjest erinevaid eelkõige turunduslikke sooduspakkumisi, kus valdavalt pakutakse korteri ostjale tasuta lisasid (sisustust, panipaika, parkimiskohta jne).
Kuna viimase aasta jooksul on uusi ehitusi alustatud varasemast vähem ja uute korterite müügitempo on aeglustunud, siis hakkab see mõjutama tehingute üldarvu.
Vanemates majades olevate korterite müügihindadele on surve suur ja siin oodata juba toimunud müügihinna languse jätkumist ka edasistel kuudel.
Mõlema eeltoodud teguri mõjul on, peale valminud ja lähikuudel valmivate korterite vormistamise lõppu, oodata m2 keskmise müügihinna langust.
Kokkuvõtteks on tegu ostjate turuga ja pakkumisi on palju, seega pikenevad müügiajad ning tehinguni jõuavad eelkõige õigesti hinnastatud objektid. Emotsiooniostude ja kiiresti tehtud otsuste aeg on (praeguseks) läbi.
URMAS TEHVER
Market Research & Advisory
+372 513 1410
urmas.tehver@balsir.com
Tallinn Apartments Market Overview: The First Five Months of 2023
The sale transaction information is derived from the property statistics published by the Land Board, and information on sale ads from the kv.ee property portal.
In January, 457 apartments were sold in Tallinn, which is a record low number in the recent years. In February, the number of sale transactions rose to 617 and in March by more than 200 to 827. In April, there was a small downturn with 702 sale transactions conducted; however, in May, the number of transactions increased sharply to 947.
The average number of transactions in the first five months of 2023 was thus 710 per month compared to 805 in 2022 and 907 in 2021.
The fluctuation in the number of transactions is quite significantly affected by the formal arrangement of sales in newly developed apartment blocks. The finalisation of sale transactions (transfer of ownership) of apartments in a newly finished apartment block usually takes place within one to two months after the completion of the block. Most of those transactions have actually been agreed on a year or two earlier which is why the price level of those apartments does not reflect the current state of the market. When the market is on the rise, the finalisation of such transactions takes place at a price level lower than that of similar apartments on sale at the time; when the market has turned down, the situation is opposite.
The first months of this year saw approximately 110 to 320 finalisations of sale transactions of new apartments per month with their share being 24–34% of the total number of sale transactions.
In December last year for the first time, the average sale price of apartments per square metre exceeded EUR 3,000 – the exact number being EUR 3,178 per square metre. In January this year it came down a little and was EUR 2,762 per square metre; in February it reached the level seen at the end of last year – EUR 2,965 per square metre. It stayed at that level for another two months (in March EUR 2,927 and April EUR 2,976 per square metre) and hiked up in May when the average price per square metre rose to EUR 3,206.
As described above, the price mainly increased due to the share of previously agreed sales of new apartments in the total number of transactions. Since the end of last year, a significant portion of apartment sales finalised concern the apartments in developments of higher price range (such as those in Kalaranna, Vesilennuki and Uus-Volta streets). Furthermore, the share of finalisation of sales of new apartments in May was the highest in recent months.
In quarterly terms, 1,899 apartment sale transactions were conducted in Tallinn in the first quarter of this year. Disregarding the second quarter of 2020 which was highly affected by the lockdown measures due to COVID-19, the last time the number of transactions fell below 2,000 was the first quarter of 2015 (1,931).
Within the first five months of the year, 92 apartments were sold at a sale price of EUR 500,000 or higher; 63 of those transactions consisted in the finalisation of apartments sold in new developments, and 29 were conducted on the secondary market.
Seven transactions were conducted at a sale price of EUR 1 million or more, six of those pertained to the finalisation new apartments. The most expensive transaction on the secondary market was conducted at the price of EUR 1.05 million.
It should be noted that all the apartments of higher price range sold on the secondary market were also located in newly built apartment blocks or those completed only a couple of years back.
There are currently nearly 220 apartments for sale at a price of more than EUR 500,000, of which 15 exceed the price of EUR 1 million. The most expensive of them is an apartment of approximately 235 m2 in a recently built apartment block in Kadriorg, which is offered for sale at EUR 2.2 million.
We prognose the number of apartment transactions during the summer months to remain close to the average level seen at the beginning of the year: around 700–750 per month. In the autumn, the transaction activity on the secondary market should slightly increase; however, the total number of transactions will also be affected by the completion of apartments currently under construction, and the finalisation of their sale.
The sale periods of new apartments will certainly be longer, but we do not predict any significant change (reduction) in the sale prices. A row of various, mainly marketing campaigns will be seen, which mainly offer free additions (such as furnishings, storage rooms, parking spaces, etc.) to those buying apartments.
Since during the last year, fewer new developments have been taken on than before and the sale pace of new apartments has slowed, the total number of transactions will be affected by these factors, as well.
The sale prices of units in older apartment blocks are under severe pressure and they are expected to go further down in the coming months.
Both of the above aspects will probably cause a fall in the average sale price per square metre after the sales of new apartments already finished and to be finished within the near future are finalised.
All in all, it is the buyers’ market at the moment and there are a great many offers. Sale periods are therefore extended and transactions will be closed mainly on justly priced objects. The time of emotional buying and fast decisions is over (for now).
URMAS TEHVER
Market Research & Advisory
+372 513 1410
urmas.tehver@balsir.com
Tallinna korterite ja Tallinna ning lähiümbruse valdade elamute turuülevaade 2023 I poolaasta
KINNISVARATURU ÜLEVAADE I poolaasta 2023.a - Tallinna korterite ja Tallinna ning lähiümbruse valdade elamutega.
- Tehingute arvud nii korterite kui elamutega on eelmise aasta lõpu ja käesoleva aasta alguse madalseisust taastumas.
- Korteritehingute keskmine m2 hind on taas jõudnud ~3200 EUR tasemeni
- Korterite ja elamute müügipakkumiste arv on kõrge
Tallinna korteritega tehtud tehingute arv, mis aasta keskmisena oli 2021.a. üle 900 ja 2022.a. üle 800 tehingu kuus, langes jaanuaris 457-ni. Seejärel on tehingute arv vaikselt kasvanud, mais tehti ligi 950 tehingut, juunis üle 810.
Kevad-suvise suurema tehingute arvu taga on paljuski arendusprojektides valminud korterelamutes, juba varem broneeritud korterite, müükide vormistamine. 2023.a. esimese poolaasta keskmiseks tehingute arvuks on ~725 tehingut kuus.
Korterite müügitehingute keskmine m2 müügihind oli 2022.a. maist kuni novembrini tasemel ~2900…3000 EUR, detsembris tegi hüppe ~3180 EUR-ni. Jaanuaris 2023.a. langes keskmine m2 hind ~2760 EUR-le, järgnevatel kuudel taastus üle 2900 EUR tasemel ja on mais ning juunis olnud ~3200 EUR juures. Keskmise müügihinna suuremaid mõjutajaid on, juba eelnevalt mainitud, uute korterite müükide vormistamine. Mais ja juunis moodustas uute korterite müükide osakaal kogu tehingute arvust ligikaudu kolmandiku, aasta esimestel kuudel oli see keskmiselt veerand.
Tallinna korterite müügipakkumiste arv (kuulutuste arv kv.ee portaalis) kasvas alates 2022 aasta kevadest kuni sügiseni ca 40%. Viimased kolm kvartalit on müügipakkumiste arv suhteliselt stabiilne jäädes vahemikku ~4600…5000, mida on 7…8 korda rohkem kui samas kuus tehakse müügitehinguid.
Elamute müügitehingute juures toome välja kvartalis tehtud tehingute arvud. Tallinna ja seda ümbritsevate valdade (Harku, Saue, Saku, Kiili, Rae, Jõelähtme ja Viimsi vallad) elamutega tehtud müügitehingute arvu muutused sarnanevad Tallinna korteriturul toimunuga.
2022 aasta esimese kolme kvartali keskmine tehingute arv oli 137 (Tallinnas 53,valdades 84), neljandas kvartalis langes tehingute arv 101-le (Tallinn 44, vallad 57).
Käesoleva aasta esimeses kvartalis kukkus tehingute arv veelgi, jõudes 82-ni (Tallinn 35, vallad 47). Teises kvartalis toimus mõningane taastumine ja tehingute arv jõudis 2022 aasta esimese poole keskmiseni. Teises kvartalis tehti kokku 137 elamute müügitehingut neist 48 Tallinnas ja 89 valdades.
Elamute müügipakkumiste arv kv.ee portaalis hakkas, sarnaselt korteritele, kasvama 2022 aasta kevadsuvel ja jõudis tippu neljandas kvartalis, seejärel on müügipakkumiste arv mõnevõrra vähenenud.
Kui 2021 aasta algusest kuni 2022 aasta kevadeni oli müügipakkumiste keskmine arv 1050, siis 2022 aasta viimases kvartalis oli see 1600 – kasv ~50%. Käesoleva aasta teises kvartalis oli müügipakkumiste arv natuke üle 1400, tehtud tehingute arvuks samal ajal oli 137 – seega ületab pakkumiste arv tehingute arvu 10 korda.
Prognoosime:
· aasta teises pooles nii korterite kui elamutega tehtavate tehingute arv püsib esimese poolaasta keskmisega samal tasemel, mis tähendab, et turg on mõõdukalt aktiivne.
· korterite m2 keskmine müügihind oluliselt ei muutu. Mõnevõrra sõltub see tehingute struktuurist – kui väheneb kallima müügihinnaga arendusprojektides valminud korterite müükide vormistamiste arv langeb ka statistikas nähtuv keskmine m2 müügihind.
URMAS TEHVER
Turuanalüüs & Nõustamine
+372 513 1410
+372 644 3446
urmas.tehver@balsir.com