The excitement in the real estate market was caused by “apartment tourists”

Illustrative photo. Photo: Andras Kralla

In March and April, real estate agencies noted a very large increase in interest in the proposed properties, but since the number of transactions against this background increased insignificantly, this means that apartments for sale were often viewed simply by “apartment tourists” who had no real intention or ability to purchase.

This was reported by rus.err.ee Pindi Kinnisvara Board Member Peep Sooman, commenting on the situation on the real estate market:

“In March and April, the number of interested parties increased markedly, but if you look at the growth in the number of transactions, then it actually did not increase at all in proportion to the increase in interest. Rather, a phenomenon appeared that people began to fear that in the fall [на рынке] there will be nothing left at all, but in fact the number of transactions jumped by only 20%, “Sooman said, describing the situation two months ago.

According to him, now the situation on the market has calmed down: “In addition, those whom I like to call” apartment tourists “who just went to look at the objects have disappeared.”


Source: https://www.dv.ee/ by www.dv.ee.

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