The next positive impulse for the real estate market could be the reduction of the Euribor rate for 6 months, which is most often used in housing loan agreements in Estonia, below 3%, which will bring significant financial benefits to home buyers, believes Helena-Laura Lesment, real estate agent and consultant at 1Partner Kinnisvara. “When planning a family budget, the expected monthly loan payment is an important factor, and if, for example, in the case of a loan of 150,000 euros with a repayment period of 30 years, the payment decreases by more than 100 euros compared to last year’s offer, then such a difference is really motivating,” said Helena-Laura Lesment, noting that commercial banks have already reduced their margins over the past six months. She admits that forecasting is a thankless task, but the most optimistic of the serious experts believe that Euribor will fall below 3% before next spring. "We must not forget that in terms of transaction activity, we are currently at roughly the same level as ten years ago. This means that significant demand has built up over the past few years, and the key to the growth of the real estate market is still the price of money, i.e. the interest rate on housing loans," said Helena-Laura Lesment. The feedback from real estate agents over the past six months has been that there are many more people interested, but often the desired home remains out of reach for buyers precisely because of the size of the housing loan payment. "People are trying very hard to find a solution, but it is still a little short. So either the monthly payment must decrease or the income must increase, and for greater peace of mind, of course, both are better," Lesment summed up the current situation.