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Aug 07, 2012

Rental yields in Tallin are rising


Last Updated: Aug 07, 2012
TALLINN - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
45 sq. m. 93,105 419 5.39% 2,069 9.30
70 sq. m. 158,270 555 4.21% 2,261 7.93
90 sq. m. 213,660 647 3.63% 2,374 7.19
120 sq. m. 247,440 874 4.24% 2,062 7.28
200 sq. m. 452,800 n.a. n.a. 2,264 n.a.
Districts researched
Tallinn: Vanalinn, Kesklinn, Kristiine, Pirita, and Nõmme
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Apartment prices in Tallin, the capital of Estonia, rose by 4% during the year to August 2012, according to Ober Haus.

In the latest survey by the Global Property Guide covering this period, average prices per square metre (sq. m.) of apartments in the upscale neighborhoods of Tallin, i.e. Vanallin, Kesklinn, Kristiine, Pirita and Nomme, increased to EUR 2,200 from EUR 1,900.

Average monthly rents per sq. m. have also increased from an average of EUR 6.95 in 2011, to EUR 7.93 now.

Rental yields on apartments of 120 sq. m. rose to 4.24%, from 3.99%.





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