In Tallinn, Estonia average apartment prices have dropped 2.6% in January 2012. This is the fourth consecutive month that they have done so and now stand at €1,036 per sqm according to the latest Ober-Haus Baltic apartment price index.

The report stated: “During last month number of offers in the market has dropped but it is expected to start to grow again as compulsory expenditures, especially heating costs are affecting consumers. Buyers are currently more interested in smaller and cost efficient apartments. New apartments in nice areas are attracting people who buy apartments as an investment.”