Plucky little Estonia shows the Eurozone how

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Tallinn’s property market is now recovering, and the recovery is expected to accelerate if Estonia adopts the Euro in 2011.

Q4 2009 was good. The third quarter of 2009 was the nadir. At that point, average prices had plunged 59.3% (63% in real terms) from Q3 2007’s peak of EEK28,500 (€1,821) per sq. m., according to Statistics Estonia.

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