With the new academic year fast approaching, rental rates in Estonia’s two largest cities have climbed as much as 3.3 percent on year, driven by limited student housing and students’ growing preference for more privacy.
Compared with last August, rental prices have climbed 2 percent in Tallinn and 3.3 percent in Tartu, Estonia’s main university town.
Karin Noppel-Kokerov, head of real estate portal City24, said this summer surge is predictable.
“Every year around July or August, prices are seasonally higher because all the cheaper listings get snapped up as quickly as possible, leaving only larger, more expensive [apartments],” Noppel-Kokerov explained.
When searching for a place to live, second-year University of Tartu (TÜ) student Iris Altmets’ top priority was peace and quiet. Her apartment hunting took her across the city’s Supilinn, Karlova and Tähtvere disricts.
Read more: ERR.EE
