According to a recent analysis by Eurostat - Estonia, Ireland and UK have seen the biggest increase in real estate prices in 2014 across Europe.
Estonia recorded price rises of 14.5pc between April and June compared to the same period last year. That figure was 12.5pc in Ireland and 10.2pc in the UK. France and Spain, where hundreds of thousands of British expats and holiday makers have invested in property, performed poorly. Spain recorded price rises of just 0.8pc, while in France property prices fell 1.1pc over the period. However, Spain at least appears to be levelling out. The rise in Spanish prices was the first annual increase since 2008. French property remains overvalued on certain key measures. A study in May by the OECD, which looked at long-term averages, suggested prices were 29pc too high against rents and 28pc too much compared to wages. Eurostat said no data was available for Germany, Greece, Austria or Poland.
|Country ||Annual change in the three months to June (pc)
In recent years Estonia has become one of the preferred locations for real estate investments for companies, EU residents as well as non-EU nationals.
For more information on the housing market in Estonia and how My Property can help you - contact us by e-mai: email@example.com or
call +372 5303 8775.