{"id":11916,"date":"2024-07-08T12:57:46","date_gmt":"2024-07-08T10:57:46","guid":{"rendered":"https:\/\/moneyhub.ee\/?p=11916"},"modified":"2024-07-10T11:32:04","modified_gmt":"2024-07-10T09:32:04","slug":"good-time-buy-property","status":"publish","type":"post","link":"https:\/\/moneyhub.ee\/en\/useful\/articles\/good-time-buy-property\/","title":{"rendered":"Is now a good time to buy property?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11916\" class=\"elementor elementor-11916\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5d7efb58 e-flex e-con-boxed e-con e-parent\" data-id=\"5d7efb58\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-32d40bf6 elementor-widget elementor-widget-shortcode\" data-id=\"32d40bf6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><\/p><\/nav><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1e4750ba e-flex e-con-boxed e-con e-parent\" data-id=\"1e4750ba\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a047e75 ddddf e-flex e-con-boxed e-con e-child\" data-id=\"a047e75\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-20c9d99a elementor-widget elementor-widget-heading\" data-id=\"20c9d99a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">MoneyHub interviews with Ruslan Gulida Real Estate Professional &amp; Partner at RE\/MAX Estonia<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-18b94166 e-flex e-con-boxed e-con e-parent\" data-id=\"18b94166\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-13e8adb2 elementor-widget elementor-widget-image\" data-id=\"13e8adb2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"913\" height=\"502\" src=\"https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd.jpg\" class=\"attachment-full size-full wp-image-11934\" alt=\"\" srcset=\"https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd.jpg 913w, https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd-300x165.jpg 300w, https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd-768x422.jpg 768w\" sizes=\"(max-width: 913px) 100vw, 913px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-19d502c4 e-flex e-con-boxed e-con e-parent\" data-id=\"19d502c4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-175f64b5 elementor-widget elementor-widget-text-editor\" data-id=\"175f64b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Is it a good time to buy property?<\/h2><h4>\u00a0<\/h4><h4><span data-preserver-spaces=\"true\">MoneyHub interviews with Ruslan Guilda Real Estate Professional &amp; Partner at RE\/MAX Estonia\u00a0<\/span><\/h4><p><span data-preserver-spaces=\"true\">MoneyHub is privileged to be in conversation with Ruslan Guida, a highly respected Real Estate Professional and Partner at\u00a0<\/span><a class=\"editor-rtfLink\" href=\"http:\/\/remax.ee\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">RE\/MAX Estonia<\/span><\/a><span data-preserver-spaces=\"true\">, whose insights and expertise are invaluable in understanding the Tallinn real estate market.<\/span><\/p><p><span data-preserver-spaces=\"true\">MoneyHub&#8217;s analysis of the residential sales market in Tallinn for the first six months of the year revealed a reassuring trend. Despite a slowdown in sales, the property turnover and value remained relatively stable, not significantly different from the previous year. However, there was a 7 % drop in SQM regarding value, which we will further explore.<\/span><\/p><h4><span data-preserver-spaces=\"true\">What do you think is driving these figures? <\/span><\/h4><p><span data-preserver-spaces=\"true\">There are lots of new build contracts that were signed 1-2 years ago that are now coming to term. These contracts typically involve a deposit being paid upfront, with the final payment due upon completion. However, the buildings are still in the process of being constructed, so the final payments are being made, and the building has finally been sold. These transactions are artificially inflating the numbers. The drop in the secondary older market tells a different story; this has dropped around 10-15% depending on the quality of the stock and the heating grade, which makes a big difference. <\/span><\/p><h4><span data-preserver-spaces=\"true\">What about the supply of new builds? Have developers stopped new developments? <\/span><\/h4><p><span data-preserver-spaces=\"true\">Many property developers have moved their operations out of town, where land is cheaper, allowing for more significant developments. Which are more economical ways of working. In the centre of Tallinn, there are now fewer available land plots, so supply is starting to shorten. However, quite a few are still available around the town, so potential buyers have a good choice. <\/span><\/p><h4><span data-preserver-spaces=\"true\">What advice would you give developers and sellers if they can&#8217;t sell? <\/span><\/h4><p><span data-preserver-spaces=\"true\">Be reasonable with your expectations and wait. You could consider renting, but the rental market isn&#8217;t that buoyant, so your income may not cover your costs. If you&#8217;re sitting on a newly restored property, you may devalue it. There are buyers looking for apartments with good tenants as an investment. So it&#8217;s not always a disadvantage. <\/span><\/p><h4><span data-preserver-spaces=\"true\">What about the financial situation?<\/span><\/h4><p><span data-preserver-spaces=\"true\">Banks are competitively lending, for example, providing rates as low as 1.35% + EURIBOR. So, if your personal finances are in good shape, you may consider it. Also, the changes made on 1st April, which allowed the borrowers to increase their lending, have brought more buyers into the market. (The Bank of Estonia reduced the limit on borrowing requirements by 2%.)<\/span><\/p><p><strong>MoneyHub thanks Ruslan for his time and insight.<\/strong><\/p><h4>\u00a0<\/h4><h4><span data-preserver-spaces=\"true\">So, is now a good time to buy?<\/span><\/h4><p><span data-preserver-spaces=\"true\">MoneyHub&#8217;s recommendation <\/span><em><span data-preserver-spaces=\"true\">is clear: With<\/span><span data-preserver-spaces=\"true\"> around 50% more properties on the market than last year, buyers have a better choice and a better chance to find a good deal. The recent drop in property prices may have reached its bottom limit, and Estonia&#8217;s small size allows for a relatively quick recovery. While the EURIBOR rate dropped recently, inflation remains stubbornly high, indicating no significant change soon. Some sellers have significant issues and need to sell. We strongly advise doing thorough research and monitoring the market closely before committing to a purchase, empowering you to make informed decisions.<\/span><\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-31ac9f8c e-flex e-con-boxed e-con e-parent\" data-id=\"31ac9f8c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-55dc0a5a ddddfd e-con-full e-flex e-con e-child\" data-id=\"55dc0a5a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-64f8494 e-con-full e-flex e-con e-child\" data-id=\"64f8494\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-90777fe e-con-full e-flex e-con e-child\" data-id=\"90777fe\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-760a4b8 elementor-widget elementor-widget-heading\" data-id=\"760a4b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Meet the expert...<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-eb3e3b1 e-con-full e-flex e-con e-child\" data-id=\"eb3e3b1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cf7d8f5 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"cf7d8f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"971\" src=\"https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/ruslan.png\" class=\"attachment-large size-large wp-image-11924\" alt=\"\" srcset=\"https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/ruslan.png 827w, https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/ruslan-247x300.png 247w, https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/ruslan-768x932.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-070fa26 e-con-full e-flex e-con e-child\" data-id=\"070fa26\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ecefb8c elementor-widget elementor-widget-heading\" data-id=\"ecefb8c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Ruslan Gulida<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25743d7 elementor-widget elementor-widget-heading\" data-id=\"25743d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Commercial &amp; Residential Property Professional <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-499ac13 elementor-widget elementor-widget-heading\" data-id=\"499ac13\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Partner at <a href=\"http:\/\/remax.ee\/\" target=\"_blank\" rel=\"noopener\">RE\/MAX Estonia<\/a><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fb1db8a e-con-full e-flex e-con e-child\" data-id=\"fb1db8a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2495329 elementor-widget elementor-widget-image\" data-id=\"2495329\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"560\" height=\"303\" src=\"https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/download.png\" class=\"attachment-large size-large wp-image-8979\" alt=\"\" srcset=\"https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/download.png 560w, https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/download-300x162.png 300w\" sizes=\"(max-width: 560px) 100vw, 560px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>With around 50% more properties on the market than last year, buyers have a better choice and a better chance to find a good deal. The recent drop in property prices may have reached its bottom limit, and Estonia\u2019s small size allows for a relatively quick recovery. While the EURIBOR rate dropped recently, inflation remains stubbornly high, indicating no significant change soon. Some sellers have significant issues and need to sell. We strongly advise doing thorough research and monitoring the market closely before committing to a purchase, empowering you to make informed decisions.<\/p>\n","protected":false},"author":1,"featured_media":11934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-11916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"acf":[],"blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd-150x150.jpg",150,150,true],"full":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd.jpg",913,502,false]},"categories_names":{"21":{"name":"Articles","link":"https:\/\/moneyhub.ee\/en\/category\/useful\/articles\/"}},"tags_names":[],"comments_number":"0","rttpg_featured_image_url":{"full":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd.jpg",913,502,false],"landscape":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd.jpg",913,502,false],"portraits":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd.jpg",913,502,false],"thumbnail":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd-150x150.jpg",150,150,true],"medium":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd-300x165.jpg",300,165,true],"large":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd.jpg",800,440,false],"1536x1536":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd.jpg",913,502,false],"2048x2048":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2024\/07\/dd.jpg",913,502,false]},"rttpg_author":{"display_name":"Simon Grey","author_link":"https:\/\/moneyhub.ee\/en\/author\/admin\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/moneyhub.ee\/en\/category\/useful\/articles\/\" rel=\"category tag\">Articles<\/a>","rttpg_excerpt":"With around 50% more properties on the market than last year, buyers have a better choice and a better chance to find a good deal. The recent drop in property prices may have reached its bottom limit, and Estonia\u2019s small size allows for a relatively quick recovery. While the EURIBOR rate dropped recently, inflation remains&hellip;","_links":{"self":[{"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/posts\/11916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/comments?post=11916"}],"version-history":[{"count":0,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/posts\/11916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/media\/11934"}],"wp:attachment":[{"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/media?parent=11916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/categories?post=11916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/tags?post=11916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}