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Articles about real estate in Estonia » Promising areas for investment » Why is now the best time to buy abandoned old houses and plots?

Why is now the best time to buy abandoned old houses and plots?

Promising areas for investment / Great deals / Expert opinion / Newcomer in the real estate market / Cheat sheet for shoppers / Market trends and future forecasts / Real Estate Abroad
10.01.2024
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Why is now the best time to buy abandoned old houses and plots?

Renovating Deserted Homes: Optimal Time for Investment. Declining property values, especially outskirts and rural areas, is evident. Owners rush to sell, causing a price drop. Real estate agent Igor Volkov notes a slight increase in listings, with sellers more open to price negotiations, leading to a surge in sales of low-priced lands and old cottages.

Markdown "Real Estate Depreciation Phenomenon" According to Goldgate OÜ broker, land plots and aged cottages are being offloaded at dream-like low rates. The trend is clear: crushing financial stress is forcing individuals to ditch seldom-used properties at nominal prices, opting for this instead of grappling with loan repayments.

Real Estate Sellers' ChallengeRealizing there are fewer buyers, sellers on Estonian real estate platforms are now more attentive to offers, showcasing a market shift driven by economic strains and seller adaptability.

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