Tallinn downtown market nears saturation

  • 2005-09-28
  • By Liivi Sandy
TALLINN - People looking to buy real estate in Tallinn have been forced out of the city and into the suburbs. Due to the city's rising prices, and the fact that the downtown market is nearly saturated, Tallinn's harbor-front is one of the few remaining places to buy. Even this area, however, will be fully developed in the next three to four years, officials say.Estonia has seen five straight years of economic growth. At the same time, the country has seen residential prices grow 9 percent in the last year. And it doesn't stop there: prices are expected to increase another 5 or 6 percent bef...
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