The affordability of housing in Tallinn rose by 10.1 points in the first quarter of this year compared with the same period in 2015 due to an 8.5 per cent rise in net wages and almost stable apartment prices, Swedbank said in a commentary added to its housing affordability indicators for the three Baltic capitals.
"In Tallinn, the real estate market has cooled. First-quarter data for 2016 indicate that annual growth in apartment prices has almost come to a halt, having decelerated to 0.6 per cent. The slowdown also includes market activity, where the year on year gro...
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