While apartment prices and transaction activity remain stable, according to the Land Board’s (Maa-amet) quarterly real estate market report, house prices have risen sharply, and the total value of the real estate market rose by 17 percent over the year.
In the second quarter of 2025 (Q2 2025) 5,532 registered apartment transactions were made in Estonia, a 9 percent rise on year and also 12 percent up on the preceding quarter. At the same time, the overall apartment market grew only modestly compared with last year.
Realtor Siim Kabel of Domus Kinnisvara said this indicates stability in the market: Over the past three years, transaction activity has remained at the same level year-on-year. The situation with real estate is currently a buyer’s market, he noted.
“Subjectively, it is of course noticeable that clients have started to show a bit more interest in real estate /…/, but reaching a deal can be quite laborious and is taking more time than usual. I would confidently call the current market a buyer’s market,” Kabel said.
In Tallinn alone, the average price per square meter for a newly built apartment came to €4,540, a 7 percent increase compared with 2024.
Read more: ERR.EE
