real estate prices will not rise for at least half a year
The price can be reduced in both secondary market apartments and new developments. Photo: Andras Kralla
Looking ahead to the new year, real estate experts see that it is not worth expecting a price increase in the next six months, but what will actually happen depends on jobs .
I am anxiously watching what will happen to jobs in 2023, said Pindi Kinnisvara sales partner Peep Sooman.
If the current news about the layoffs remains a reflection of the surface, the real estate market will also fail, Sooman said. However, if people remain without current income, among them there are also people with loans who will be in trouble.
In the previous economic crisis, Estonians who were in trouble at home sold real estate and went to work in the Nordic countries. The analyst of Arco Vara Mihkel Eliste does not really believe that it will happen again. It seems that the industrial sector in the Nordic countries is doing worse than in Estonia.
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