The real estate market in Tallinn is witnessing a shift in demand as buyers look toward modern apartments located in the city center, now offered at prices typically found in the suburbs. According to Argo Pillesson, chairman of the Uus Maa Real Estate Office, apartments built in the early 2000s possess modern features and are seen as 'unpolished diamonds' on the market because they require mainly interior finishing rather than extensive renovations.

Pillesson highlights that while most commentary around renovation properties tends to focus on older buildings from the Soviet era or pre-war constructions, newer buildings from the early 2000s are often overlooked. These apartments boast modern technical solutions and spacious layouts, making them attractive options for buyers who are looking for convenience without the need for major renovations. This emerging trend is helping to redefine expectations and opens new opportunities for both investors and homebuyers.

The shift towards these city-center apartments can be indicative of larger movements in urban housing preferences, particularly as urban areas continue to see growth and shifts in demographic priorities. The increased demand for such properties at suburban price points suggests a potential revitalization of urban living spaces, catering to those looking for a modern lifestyle within city limits, which could have long-term implications for the real estate market in Tallinn and potentially beyond.