{"id":2600,"date":"2017-02-17T08:28:18","date_gmt":"2017-02-17T08:28:18","guid":{"rendered":"https:\/\/ee.balticsothebysrealty.com\/?p=2600"},"modified":"2017-02-17T10:22:32","modified_gmt":"2017-02-17T10:22:32","slug":"baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand","status":"publish","type":"post","link":"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/","title":{"rendered":"BALTIC SOTHEBY’S INTERNATIONAL REALTY: PREMIUM-CLASS REAL ESTATE MARKET IN THE CENTER OF TALLINN COMPLETES TO EXPAND"},"content":{"rendered":"

The real estate market of premium-class apartments in the center of Tallinn expands due to several attractive development projects. According to a market review of premium-class residential premises, prepared by Baltic Sotheby\u2019s International Realty<\/em>, an overall trend leads to further increase of prices for luxurious apartments.<\/strong><\/p>\n

According to the data of the Estonian Land Board for IV quarter of 2016, there have been 506 apartments\u2019 sales deals closed for an average cost of 2 263 \u20ac\/m\u00b2. In comparison with the previous year, the number of sales deals for the city center apartments boosted for 8% and upsurge in the price level accounted for 15%.\u00a0 Each quarter of the previous year was recognized by around 20-23 Old town apartments\u2019 sales deals. An average price range for the Old town apartments accounted for 2600-2700 \u20ac\/m\u00b2, however, it skyrocketed up to 4200 \u20ac\/m\u00b2 at several occasions.<\/p>\n

\u201eAccording to the analysis of the sales for the last quarter of the previous year in the most luxurious developments, like Kentmanni 6 and Meerhof <\/em>residence at Pirita tee 26, we may conclude that the number of deals was not significant. Nevertheless, it is worth mentioning that in the list of apartments in new development project Meerhof 2.0<\/em>, where Baltic Sotheby\u2019s<\/em> International Realty<\/em> has closed several deals for its customers the previous year with an overall value exceeding 3 million euros, 3-4 premium-class apartments are getting sold each month\u201c, comments Baltic Sotheby\u2019s International Realty\u2019s<\/em> sales associate Jelena Kuzmenko<\/em>.<\/p>\n

At this stage there are several projects being under construction, which already pretend to be perceived as a premium-class real estate due to their location and quality. It is worth to mention the residential building at Staapli 4, which is located in the Noblessner harbor, which is being developed by Merko<\/em> and BLRT<\/em>. The sales in this project started in the end of spring 2016. By the end of the year there were almost half of all 66 apartments available. An average cost of the apartments in this project is 3200 \u20ac\/m\u00b2.<\/p>\n

Building at Rotermanni 14, which is located in Rotermanni quarter, is almost sold out. In the nearby building at Rotermanni 18 there are 34 available properties with an average cost of 4100 \u20ac\/m\u00b2. This architecturally attractive area already includes a new construction of one more residential building with 44 apartments, which is located at Roseni 9 and which sales are already open.<\/p>\n

\u201eMarket entry of new residential developments in the center of Tallinn has slowed down. This is caused mainly not by the lack of interest from the side of development companies, but by a problematic slowdown of the process of obtaining construction permissions. Even though the number of new developments coming on the market is not significant, the competition between the developers remains to be tough\u201c, comments the perspectives of residential real estate market Jelena Kuzmenko<\/em>. \u201eCompetition assists to keep the prices at a reasonable level. Significant increase of prices is possible only in new developments, which are outstanding in comparison to the other in terms of their location, attractive architecture and modern solutions\u201c.<\/p>\n

Situation when the number of deals with residential premises is high and the terms of financing from the banks remain attractive for the buyers, shall be considered a positive trend for the whole real estate market for upcoming year or two. \u00a0There are no grounds to predict the downturn of prices when there is a significant demand from the side of the buyers. However, this statement is valid only under the condition that the external factors, which affect the real estate market and local economy, will remain stable.<\/p>\n

\u201eWe predict a stable growth of the number of deals in the residential sector in Tallinn for 2017 along with a moderate price growth around 3-5%. The same forecast and expectations also relate to the real estate in the center of Tallinn and premium-class apartment market\u201c, optimistically concluded the owner and the member of the board of Baltic Sotheby’s International Realty<\/em> Vestards<\/em> Rozenbergs<\/em>.<\/em><\/p>\n

Baltic Sotheby\u2019s International Realty<\/em> actively and successfully works on the premium real estate market in the Baltic countries since 2010. The company is a member of an international Sotheby\u2019s International Realty<\/em> network. Baltic Sotheby\u2019s International Realty<\/em> offers an outstanding selection of unique real estate throughout the world, high level services, individual approach to every client, international databases and effective sales tools.<\/p>\n

 <\/p>\n

For further information please contact:<\/strong><\/p>\n

Jelena Kuzmenko<\/em><\/p>\n

Baltic Sotheby’s International Realty<\/em><\/p>\n

Sales Associate \/ PR and Marketing Manager<\/p>\n

jelena.kuzmeno@balsir.com<\/a>, ph. +372 56 263053, +372 6443446<\/p>\n

balticsothebysrealty.com<\/a>; balsir.com<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The real estate market of premium-class apartments in the center of Tallinn expands due to several attractive development projects. According to a market review of premium-class residential premises, prepared by Baltic Sotheby\u2019s International Realty, an overall trend leads to further increase of prices for luxurious apartments. According to the data of the Estonian Land Board […]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2600","post","type-post","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\nBALTIC SOTHEBY'S INTERNATIONAL REALTY: PREMIUM-CLASS REAL ESTATE MARKET IN THE CENTER OF TALLINN COMPLETES TO EXPAND - Baltics Sotheby's Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BALTIC SOTHEBY'S INTERNATIONAL REALTY: PREMIUM-CLASS REAL ESTATE MARKET IN THE CENTER OF TALLINN COMPLETES TO EXPAND - Baltics Sotheby's Realty\" \/>\n<meta property=\"og:description\" content=\"The real estate market of premium-class apartments in the center of Tallinn expands due to several attractive development projects. According to a market review of premium-class residential premises, prepared by Baltic Sotheby\u2019s International Realty, an overall trend leads to further increase of prices for luxurious apartments. According to the data of the Estonian Land Board […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/\" \/>\n<meta property=\"og:site_name\" content=\"Baltics Sotheby's Realty\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-17T08:28:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-02-17T10:22:32+00:00\" \/>\n<meta name=\"author\" content=\"mark.bogdanov\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mark.bogdanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/\",\"url\":\"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/\",\"name\":\"BALTIC SOTHEBY'S INTERNATIONAL REALTY: PREMIUM-CLASS REAL ESTATE MARKET IN THE CENTER OF TALLINN COMPLETES TO EXPAND - Baltics Sotheby's Realty\",\"isPartOf\":{\"@id\":\"https:\/\/ee.balticsothebysrealty.com\/ru\/#website\"},\"datePublished\":\"2017-02-17T08:28:18+00:00\",\"dateModified\":\"2017-02-17T10:22:32+00:00\",\"author\":{\"@id\":\"https:\/\/ee.balticsothebysrealty.com\/ru\/#\/schema\/person\/56c37d1b8f7848aa33aa2a458d08ed8e\"},\"breadcrumb\":{\"@id\":\"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ee.balticsothebysrealty.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BALTIC SOTHEBY’S INTERNATIONAL REALTY: PREMIUM-CLASS REAL ESTATE MARKET IN THE CENTER OF TALLINN COMPLETES TO EXPAND\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ee.balticsothebysrealty.com\/ru\/#website\",\"url\":\"https:\/\/ee.balticsothebysrealty.com\/ru\/\",\"name\":\"Baltics Sotheby's Realty\",\"description\":\"Estonia\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ee.balticsothebysrealty.com\/ru\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ee.balticsothebysrealty.com\/ru\/#\/schema\/person\/56c37d1b8f7848aa33aa2a458d08ed8e\",\"name\":\"mark.bogdanov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ee.balticsothebysrealty.com\/ru\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/df03cf149e387bec17ec72f72c1a36d5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/df03cf149e387bec17ec72f72c1a36d5?s=96&d=mm&r=g\",\"caption\":\"mark.bogdanov\"},\"url\":\"https:\/\/ee.balticsothebysrealty.com\/en\/author\/mark-bogdanov\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BALTIC SOTHEBY'S INTERNATIONAL REALTY: PREMIUM-CLASS REAL ESTATE MARKET IN THE CENTER OF TALLINN COMPLETES TO EXPAND - Baltics Sotheby's Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"BALTIC SOTHEBY'S INTERNATIONAL REALTY: PREMIUM-CLASS REAL ESTATE MARKET IN THE CENTER OF TALLINN COMPLETES TO EXPAND - Baltics Sotheby's Realty","og_description":"The real estate market of premium-class apartments in the center of Tallinn expands due to several attractive development projects. According to a market review of premium-class residential premises, prepared by Baltic Sotheby\u2019s International Realty, an overall trend leads to further increase of prices for luxurious apartments. According to the data of the Estonian Land Board […]","og_url":"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/","og_site_name":"Baltics Sotheby's Realty","article_published_time":"2017-02-17T08:28:18+00:00","article_modified_time":"2017-02-17T10:22:32+00:00","author":"mark.bogdanov","twitter_misc":{"Written by":"mark.bogdanov","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/","url":"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/","name":"BALTIC SOTHEBY'S INTERNATIONAL REALTY: PREMIUM-CLASS REAL ESTATE MARKET IN THE CENTER OF TALLINN COMPLETES TO EXPAND - Baltics Sotheby's Realty","isPartOf":{"@id":"https:\/\/ee.balticsothebysrealty.com\/ru\/#website"},"datePublished":"2017-02-17T08:28:18+00:00","dateModified":"2017-02-17T10:22:32+00:00","author":{"@id":"https:\/\/ee.balticsothebysrealty.com\/ru\/#\/schema\/person\/56c37d1b8f7848aa33aa2a458d08ed8e"},"breadcrumb":{"@id":"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ee.balticsothebysrealty.com\/en\/baltic-sothebys-international-realty-premium-class-real-estate-market-center-tallinn-completes-expand\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ee.balticsothebysrealty.com\/en\/"},{"@type":"ListItem","position":2,"name":"BALTIC SOTHEBY’S INTERNATIONAL REALTY: PREMIUM-CLASS REAL ESTATE MARKET IN THE CENTER OF TALLINN COMPLETES TO EXPAND"}]},{"@type":"WebSite","@id":"https:\/\/ee.balticsothebysrealty.com\/ru\/#website","url":"https:\/\/ee.balticsothebysrealty.com\/ru\/","name":"Baltics Sotheby's Realty","description":"Estonia","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ee.balticsothebysrealty.com\/ru\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ee.balticsothebysrealty.com\/ru\/#\/schema\/person\/56c37d1b8f7848aa33aa2a458d08ed8e","name":"mark.bogdanov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ee.balticsothebysrealty.com\/ru\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/df03cf149e387bec17ec72f72c1a36d5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/df03cf149e387bec17ec72f72c1a36d5?s=96&d=mm&r=g","caption":"mark.bogdanov"},"url":"https:\/\/ee.balticsothebysrealty.com\/en\/author\/mark-bogdanov\/"}]}},"_links":{"self":[{"href":"https:\/\/ee.balticsothebysrealty.com\/en\/wp-json\/wp\/v2\/posts\/2600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ee.balticsothebysrealty.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ee.balticsothebysrealty.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ee.balticsothebysrealty.com\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/ee.balticsothebysrealty.com\/en\/wp-json\/wp\/v2\/comments?post=2600"}],"version-history":[{"count":5,"href":"https:\/\/ee.balticsothebysrealty.com\/en\/wp-json\/wp\/v2\/posts\/2600\/revisions"}],"predecessor-version":[{"id":2605,"href":"https:\/\/ee.balticsothebysrealty.com\/en\/wp-json\/wp\/v2\/posts\/2600\/revisions\/2605"}],"wp:attachment":[{"href":"https:\/\/ee.balticsothebysrealty.com\/en\/wp-json\/wp\/v2\/media?parent=2600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ee.balticsothebysrealty.com\/en\/wp-json\/wp\/v2\/categories?post=2600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ee.balticsothebysrealty.com\/en\/wp-json\/wp\/v2\/tags?post=2600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}