Cari estoni: cosa è successo? 🙁
https://i.redd.it/ff4p4mvftx5d1.jpeg
di Gyorgy_Henrik
Cari estoni: cosa è successo? 🙁
https://i.redd.it/ff4p4mvftx5d1.jpeg
di Gyorgy_Henrik
11 commenti
One a politician once promised to take Estonia to the top 5 of the richest countries in Europe, we are there baby!
Base comparison was very low in 2010. We got hit by the 08 financial crisis by far the hardest with other 2 baltic countries which crashed our property prices. Our prices also boomed the hardest post covid, rent prices should be lil lower by now
I see that you guys have Land Value Tax. How did that affect the prices? Edit: Given, that Denmark also has a similar LVT.
Basically low taxes for properties and minimal rent control from government. More well-off people started collecting properties like Thanos infinity stones
Never mind Estonia – what’s going on in Ireland.
Kallas syndicate robbed the country
Banks’ manipulations
Keep in mind this is until 2021, so the numbers today are even greater.
1) the comparison started from a low point after the 2008 financial crisis.
2) Estonia has been hit by quite a severe inflation ever since the covid started
3) there have been some successful startup exits (pipedrive, wise) which allowed part of the population to go on a spending spree. Estonia is small enough that 5000 workers hitting it big can have an small impact on the realestate market
4) Scandinavian investment firms buying up apartments in Tallinn as it was dirt cheap compared to Helsinki or Stockholm. These companies are now offloading their collections it seems.
IT ükssarvikud
Greece – here I come!