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Choosing a district in Tallinn for real estate investment: tips for 2024

Promising areas for investment / Great deals
21.01.2024
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Choosing a district in Tallinn for real estate investment: tips for 2024

I conducted a real estate market analysis, taking into account numerous expert opinions and investor experiences.

The key question that arises when choosing a property is whether to buy a new building or an apartment on the secondary market. New buildings attract minimal renovation costs and modern design, but the prices for such properties are usually higher, and the selling process may take longer due to high supply.

On the other hand, secondary housing often requires additional investment in renovation, but with a smart approach, it allows for a significant increase in property value and a faster sale. The decision to buy an apartment with or without renovation depends on your strategy and ability to control the property upgrading process.

Among the districts of Tallinn for 2024, the following are particularly popular:

  1. Kesklinn - the central district of the city, always attractive to tenants and buyers. The high demand ensures investment stability.
  2. Põhja-Tallinn - thanks to redevelopment projects, this district is becoming increasingly trendy; a good choice for investing in major renovations.
  3. Kristiine and Haabersti - these districts stand out for their affordable housing and excellent infrastructure, promising good value growth.

Studying the Tallinn real estate market analysis suggests that the choice of the best district depends on your budget, selling time frame, and desire to manage the property. Remember that while new buildings offer less hassle from the initial stage, recently renovated apartments on the secondary market can quickly increase in price after resale due to the "human factor" - the effect of fresh and unique renovation.

In the end, the success of your investment will depend on the depth of your understanding of the current market dynamics and your ability to adapt to changes. Although there is no single right answer to the question of which district or type of housing is best for investment, a comprehensive approach and a proper evaluation of all factors will increase the likelihood of a profitable investment

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