Moving to Kohila from Tallinn City Center
Kohila has developed tremendously over the past decade. From a former industrial settlement, it has become a peaceful small town that radiates a pleasant small-town atmosphere. This has not gone unnoticed by home seekers either.
Behind Kohila's popularity are two important factors. First, people have no problem commuting to work or school in Tallinn daily if the drive back and forth takes only about one hour per day.
The second important nuance lies in the settlement itself. What's good about Kohila is that everything you need is within reach: good sports facilities, decent train connections, shops and service establishments, a gymnasium, kindergartens, and hobby clubs.
Kohila has freed itself from its former reputation and has become so popular that now interested people come directly from central Tallinn to look for a new home here.
Seeking a peaceful living environment
Kohila suits people who value such a peaceful environment as a long-term residence. Families coming from the capital are looking for a house here where they can live for years to come, perhaps even decades. Kohila is indeed an ideal place to raise your children.
The apartment market favors rather local residents or those living near or around Kohila. Rental apartments also sell like hot cakes here and are popular among local people. If there's a decent apartment at a fair price, it goes quickly.
New residential spaces needed
Given Kohila's size, there are few apartment sales offers, and therefore sales transactions can be counted on the fingers of one hand. In the first quarter of this year, 5 apartments were sold (in the fourth quarter of 2022, 5 apartments, and also 5 apartments in the first quarter of that same year), with a median square meter price of 1,309 euros. While the price level rose 46.6% quarter-on-quarter, it rose 11% year-on-year. Given such a small transaction market, large jumps are nothing unusual, as each sold apartment has a significant impact, whether it's new, renovated, or in need of repairs.
Over the course of a year, two new developments are being completed in Kohila – apartment buildings at Kiriku tee 4 and a row house at Viigi tänav 6. New developments have always been popularizers of small towns and have increased the value of the region.
Looking at the general state of the market and the wishes of potential buyers, it can be said with certainty that Kohila needs new residential spaces and I recommend that developers look more boldly in this direction. Demand definitely exceeds supply here.
Article author: Martin Tilk, Uus Maa Maakri office real estate broker
