Remote work has changed how people in Estonia approach real estate. It started during COVID-19 and got a boost from the need for flexible work solutions. The traditional office setting is no longer the norm, as more people embrace the flexibility of working from home. This shift has sparked significant changes in the real estate market. It's like Estonia is paving…
Almost 30% of the energy used in Estonia is used for housing. But here's a surprise: Did you know you can make your home comfy AND wallet-friendly? In recent years, the cost of living has been on the rise, and managing household expenses can feel like a puzzle. The good news? There are easy, practical ways to lower your bills…
Owning a home in Estonia is a big deal. It's a moment filled with joy for many. But as with any big decision, there are things homeowners wished they’d known beforehand. In the world of real estate, we look at common homeowner regrets and provide simple insights to make the most out of your home-buying journey.The Forgotten CostsSome homeowners regret…
In Estonia's changing real estate scene, some homeowners go the For Sale By Owner (FSBO) route. Here, homeowners take on tasks like pricing, promoting, negotiating, and paperwork. These are usually done by real estate agents. While this offers some benefits, it comes with challenges along the way too. Real estate pricingOne big plus of FSBO is homeowners have full say on…
Renting or buying... It's like standing at a crossroads, the unknown either way, often underestimated. In Estonia, a country experiencing a dynamic real estate market, the choice between the two is particularly significant. Let's delve into the pros and cons of each, considering factors like property investment, market trends, and financial planning to help you make an informed decision when…
I start with basic calculation as in 2022 and build up to 2023 so for the verdict scroll down Buying a property in Tallinn:Home Price: Let's assume the average home price in Tallinn is €200,000.Down Payment: A common down payment is around 20%, so that would be €40,000.Mortgage Rate: Assuming a mortgage rate of 2% (roughly the rate in 2022 in…
During periods of inflation, the general trend is for real estate prices to increase. Inflation refers to the sustained rise in the general price level of goods and services in an economy over time. There are several factors that contribute to the increase in real estate prices during inflation:Asset Value Preservation: Real estate is often seen as a tangible asset…
Having a good property manager to oversee repairs and renovations can be advantageous for several reasons:Professional expertise: Good Property managers have experience and knowledge in managing building renovations and construction projects, which is be beneficial in ensuring that the project is completed efficiently and effectively.Time management: Property managers will take on the responsibility of coordinating contractors, scheduling work, and managing…
1 Pricing the short term rental : According to AirDNA's market data for 2021, the average daily rate (ADR) for short-term rentals in Tallinn is approximately 84 EUR per night. However, the ADR can vary significantly depending on the location, size, and amenities of the rental.In general, the most profitable price range for short-term rentals in Tallinn is around 70-120 EUR…
Real Estate Investment Trusts (REITs): In Estonia, there are several REITs listed on the Tallinn Stock Exchange, including EfTEN Real Estate Fund III and Baltic Horizon Fund. These REITs invest in a diversified portfolio of income-generating properties such as office buildings, shopping centers, and rental apartments.Real Estate Crowdfunding: One example of a real estate crowdfunding platform in Estonia is EstateGuru…
Brokerly team members have over 20 years of experience in the real estate business in Estonia We know what are the most pressing bottlenecks in the work of a broker, and we know how to offer solutions that leave real estate brokers with nothing but joy in their work. Satisfaction with working life will definitely lead to better work results!