One a politician once promised to take Estonia to the top 5 of the richest countries in Europe, we are there baby!
Base comparison was very low in 2010. We got hit by the 08 financial crisis by far the hardest with other 2 baltic countries which crashed our property prices. Our prices also boomed the hardest post covid, rent prices should be lil lower by now
I see that you guys have Land Value Tax. How did that affect the prices? Edit: Given, that Denmark also has a similar LVT.
Basically low taxes for properties and minimal rent control from government. More well-off people started collecting properties like Thanos infinity stones
Never mind Estonia – what’s going on in Ireland.
Kallas syndicate robbed the country
Banks’ manipulations
Keep in mind this is until 2021, so the numbers today are even greater.
1) the comparison started from a low point after the 2008 financial crisis.
2) Estonia has been hit by quite a severe inflation ever since the covid started
3) there have been some successful startup exits (pipedrive, wise) which allowed part of the population to go on a spending spree. Estonia is small enough that 5000 workers hitting it big can have an small impact on the realestate market
4) Scandinavian investment firms buying up apartments in Tallinn as it was dirt cheap compared to Helsinki or Stockholm. These companies are now offloading their collections it seems.
Business is going on. Come on, everyone is a fckin businesman nowdays and just resales temu garbage with 50% upsell. How otherwise would we get the first place?
New aparment building? Yoink…. gone by investors
Vaata mida laar ja kaks kallast on teind
Reformierakond happened, European Union happened, shit happened
Any other answer given is wrong and you should know that half of the user base here is below 15.
Inflation and uneven distribution of wealth.
Estonia number 1!
I just graduated and I am scared
There are multiple factors but our IT-sector is a big difference maker. Just like one comment said, 5000 people having a great salary changes a lot in a small country like Estonia.
24 comments
One a politician once promised to take Estonia to the top 5 of the richest countries in Europe, we are there baby!
Base comparison was very low in 2010. We got hit by the 08 financial crisis by far the hardest with other 2 baltic countries which crashed our property prices. Our prices also boomed the hardest post covid, rent prices should be lil lower by now
I see that you guys have Land Value Tax. How did that affect the prices? Edit: Given, that Denmark also has a similar LVT.
Basically low taxes for properties and minimal rent control from government. More well-off people started collecting properties like Thanos infinity stones
Never mind Estonia – what’s going on in Ireland.
Kallas syndicate robbed the country
Banks’ manipulations
Keep in mind this is until 2021, so the numbers today are even greater.
1) the comparison started from a low point after the 2008 financial crisis.
2) Estonia has been hit by quite a severe inflation ever since the covid started
3) there have been some successful startup exits (pipedrive, wise) which allowed part of the population to go on a spending spree. Estonia is small enough that 5000 workers hitting it big can have an small impact on the realestate market
4) Scandinavian investment firms buying up apartments in Tallinn as it was dirt cheap compared to Helsinki or Stockholm. These companies are now offloading their collections it seems.
IT ükssarvikud
Greece – here I come!
https://www.kv.ee/kv-index?start=2004-06-11&end=2024-06-10
Real estate price index
Business is going on. Come on, everyone is a fckin businesman nowdays and just resales temu garbage with 50% upsell. How otherwise would we get the first place?
New aparment building? Yoink…. gone by investors
Vaata mida laar ja kaks kallast on teind
Reformierakond happened, European Union happened, shit happened
Nordic’d a little too close to the sun 🙁
[2010 was just a very special year for us.](https://i.imgur.com/RCtmWeI.png) It’s not representative of any smooth trends.
Any other answer given is wrong and you should know that half of the user base here is below 15.
Inflation and uneven distribution of wealth.
Estonia number 1!
I just graduated and I am scared
There are multiple factors but our IT-sector is a big difference maker. Just like one comment said, 5000 people having a great salary changes a lot in a small country like Estonia.
Greed.
kaja kallas happend