Property agent: new Tallinn apartments attract large Finnish investors

24.01.2012, 16:52

Finnish investors still find the price of new apartments in Tallinn attractive, with some of them having bought ten vacant apartments in new apartment buildings at once, reports Äripäev.

Christian Ayter who is consulting Finnish customers in 1Partner Kinnisvara, a real estate company, said that one reason is that rents in Tallinn are higher than in Helsinki and the property value is actually increasing.

Ayter says that one Finnish investment fund has bought four apartments and is looking for another 16, with average calculated purchase price of 130,000 euros.

„The company is looking in expensive central districts mainly two-room apartments,” said the consultant, but added that there are very few such apartments on offer.

Ayter adds that another private investors has bought five apartments and wants to buy another 15.

At present 1Partner Kinnisvara has 25 Finnish customers who are ready to buy a total of 100 apartments in central Tallinn. „I think I will be able to meet their demands,” he added.