Estonia Property News

Estonia house price climbs 'biggest in Europe'

Estonia house price climbs 'biggest in Europe'
The rate at which the value of properties in Estonia has risen is faster than anywhere else in Europe, it has been revealed.

According to the latest Knight Frank Global House Price Index for the third quarter of 2011, the cost of buying a home in the nation has increased by 14.3 per cent since the same period in 2010.

Meanwhile, residential real estate values climbed by three per cent between the second quarter of this year and the three months from July to September.

Estonia ranked second globally for its annual house price growth, with only Hong Kong performing better.

The capital Tallinn was highlighted as one of the top property markets in the world recently in the Global Property Guide house price index.

Values here rose by 2.71 per cent between the second and third quarters of 2011, the data found, although the publication revealed the cost of purchasing a home in the city fell marginally compared to a year earlier.