The Estonian property crash

  • 2009-01-14
  • Interview by Talis Saule Archdeacon
Tonu Toompark is a prominent Estonian real estate analyst with Adaur Grupp OU. Toompark spoke with TBT to give his thoughts on the bursting real estate bubble in Estonia, and to offer his advice to prospective investors. What does the Estonian real estate market look like right now? Has the bubble burst?Yes, unfortunately nothing is going on and that is the biggest problem right now. There are no transactions. The amount of transactions is minimal, and this number is declining every month. There are two to three times fewer deals than there were in the end of 2005/2006, when [the mark...
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