Property sales in Estonia grew by 12% in 2012

Property sales in Estonia grew by 12% in 2012

Number of real estate transactions in Estonia in 2012 increased by 12% to 36,176 contracts traded. Total value of transactions was 1.7 billion euros, which was 13% more than in 2011, according to rus.err.ee referring to data of Statistics Estonia.

On average, buyers bought property in Estonia for 47,739 euros, which was 1% higher than in 2011. Half of all real estate transactions were sales of apartments.

In 2012, the average cost per square meter of housing in Estonia increased by 8% (now 768 euros). In Tartu price increase was 8%, in Tallinn- 7%, and in Pärnu - 2%.