ERR News – Purchase prices of apartments in newly-constructed buildings are rising, while those in pre-existing buildings have stayed the same since the beginning of the year, according to a representative of the Uus Maa real estate agency.
Elari Tamm, the company's executive director for residential properties, said that prices in new buildings in and around the center of Tallinn had risen by about 10 percent, and those elsewhere in the city by about 5 percent.
He recommended that anyone trying to sell an older apartment in one of the established residential areas lower their prices if they want to sell.
Newly-built apartments, which make up about a fifth of the nation's market, are currently only a phenomenon in Tallinn, and to a lesser extent in Tartu.
