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Tallinn apartment prices decline

The average apartment price in Tallinn decreased by 1.2% in November 2011 having already fallen by 4.2% in October 2011, according to the Ober-Haus Baltic Apartment Price Index.

When compared to a year earlier, the average apartment price has increased by 13.6% to €1,070 sqm. However between April 2007, when the highest recorded average apartment price level was reached, and November 2011 apartment prices in Tallinn have since dropped by 37.3%.

The number of transactions in the January-November period of 2011 decreased by 2.5% when compared to the same period in 2010.

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