Real Estate Agencies Declare Crisis Over

Yet another Estonian newspaper has granted column inches to a real estate broker to make readers once again feel confident purchasing real estate: this time Ober Haus. Ober Haus noted that prices of housing real estate in the suburbs of Riga and Tallinn grew by four and seven percent respectively versus Q3 2009. Comparing Q4 to Q3, Ober Haus noted, is entirely within the bounds set by the new Estonian statistics law. "Statistics clearly indicate that the crisis has passed and we may once again invest in real estate knowing that it is the one investment which will never decrease in value," said an Ober Haus spokesman. "After careful analysis we have determined that the past two years, statistically, did not occur."