Positive - The real estate market in Estonia saw signs of improvement and increased transaction activity

From GlobeNewswire: 2025-04-24 02:00:00

2025’s first quarter saw a moderate recovery in Estonia’s real estate market, with stability and signs of improvement despite cautious economic sentiment. The Euribor decline and stabilizing inflation contributed to increased transaction activity and consumer interest, particularly in the housing market segment.

In Tallinn, new developments continued to show strong activity, with Arco Vara selling more units in Rannakalda and Soodi projects. The construction permit for Soodi 6 is in the final stages, with the start of real construction planned for the second quarter of 2025.

Arco Vara acquired a new development site in Tallinn’s Spordi street, expanding its project portfolio in sought-after areas. Preparations for the Spordi homes project are underway, with sales expected to start in the second quarter of 2025.

Botanica Lozeni project in Bulgaria is nearing completion, with 95% project readiness by the end of the quarter. The development maintained stable sales, with 9 houses sold out of 16. The completion of landscaping works enhanced the project’s appeal to local buyers.

The real estate sector in Estonia showed positive but cautious movement in the first quarter of 2025, with a slight increase in transactions. Lower interest rates and renewed investor confidence set the stage for gradual market strengthening in the second half of the year.

Arco Vara’s main focus remains on successful sales in domestic projects and completing ongoing projects in Bulgaria. The company aims to ensure stable cash flow from sales to support future large-scale projects.

The first quarter of 2025 was a period of stability and preparation for the real estate market’s slow but steady recovery. Key financial indicators for the quarter showed an increase in revenue compared to the same period in 2024.



Read more at GlobeNewswire:: 2025. aasta I kvartali konsolideeritud auditeerimata