News

In the midst of challenges, the Estonian construction and real estate sector is gearing up for transformative changes. From a standstill to an energy crisis, 2023 was a year marked by a shift towards energy efficiency, responding to market dynamics and the need for aging buildings to stay competitive.

As we look ahead to 2024, opportunities abound in the frozen market. Property managers and construction companies are focusing on efficiency, particularly in the face of a cooling rental market. The emphasis on energy-efficient solutions, including solar parks and electric car chargers, is reshaping the landscape.

For sellers, success lies in strategic planning. Comprehensive due diligence, organized property data, and a flexible negotiation timeframe are crucial elements for achieving favorable outcomes. On the buyer's side, evaluating the seller's bankruptcy risk, performing due diligence with a construction estimate, and recognizing the buyer's market dynamics are key strategies in navigating the current landscape.

While challenges exist, there are untapped opportunities for those willing to adapt. The market may be frozen, but with meticulous preparation and a keen understanding of the evolving dynamics, stakeholders can position themselves for success.