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EXPERT | Foreigners actively sell real estate in Estonia

ЭКСПЕРТ | Иностранцы активно продают недвижимость в Эстонии

According to statistics of the Land Department of Estonia and Kinnisvara24, in last year foreigners did in the real estate market Estonia twice twice more transactions sales, than purchases, with the most objects sold by Russians and Finns.Among regions and the greatest popularity with foreigners use Harjumaa, Ida-Virumaa and Pärnumaa. The most active foreigners in Harjumaa, where in the last year there were 308 deals to buy and record 670 deals to sell. Compared with 2023 year the total number of deals increased exactly because of the increase in offers of sales, which in 2024 year
were 15% more than the year ear earlier. In the real estate market Harjumaa is led by Finnish and Russian citizens, Who in 2024 year did 55 and 28
purchases, and also 176 and 168 sales. Estonian Estonian Russian citizens have sold especially much real estate in Ida-Virumaa, where in the last year there were 333 deals for sale. “If in 2023 year we observed how, most of the most residing in Russia Russians actively withdrew from the market because of the war in Ukraine, then in last year the
real estate began actively selling and local Russians”, – noted the executive director Kinnisvara24 Urmas Uibomäe. Estonian Russian-speaking residents are showing so much interest in the sale of real estate, that maclers are now feeling an acute need for knowledge of Russian language. “Today approximately 50% of my clients are Russian-speaking citizens of Estonia, that’s why I use the Russian language everyday in my work, said the professional macler Uus Maa Laime Riisimäe. According to her words, in the last year.especially high interest existed in the sale
of existing real estate. “And if anyone is buying, it’s either large luxury apartments, or more cheap one- and two-bedroom apartments and dachas,” she added.News source

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