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Estos in the News
   
Estonian property market 'finding its feet'
KMS Baltics (England)
April 29, 2008

The Estonian property market is on the way back up after months in the doldrums, according to reports.

Experts cited by the Baltic Times have suggested that Tallinn could be making a comeback, with signs of recovery following a difficult period.

Amid wider economic woes which have hampered the European property market as the credit crunch takes hold, Estonia has been one of those countries to suffer.

However, Carl Wells, a senior property consultant with Goodson and Red told the paper there were indications of a return to prosperity.

"Very recently, in the last four to eight weeks, I have personally seen a change in climate. A few buyers are emerging from the woodwork," said Mr Wells.

Estonia's property market has flourished in recent years – with Rics saying the country was among the biggest risers in Europe in 2005 and 2006 in terms of property price.

     
 
 
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