In the Uus Maa real estate show, Uus Maa Investment Advisory Department Manager Danel Talpsepp and Uus Maa Commercial Real Estate Office and Retail Department Manager Eduard Sorokin explain that due to volatile times and rapid price increases, there are frictions between parties in the sector, and contracts are being reviewed. However, all parties understand that the situation has changed, and they are willing to endure certain difficulties and temporary losses due to rising costs.

The guests on the show confirm, that companies engaged in residential real estate development are generally doing well at the moment, but only under one specific condition. The greater risk for homebuyers in relation to terminated contracts, is primarily associated with smaller developers, according to Sorokin and Talpsepp.

The show also discusses why there are currently many “drawer projects” in the commercial real estate sector, how commercial property leases are being negotiated at the moment, and what types of properties are investors seeking. Additionally, they explore whether the development of rental buildings has emerged to stay in the market and also touch upon the increased development activities in smaller towns.

Listen to the real estate show HERE.