Landen Real Estate Brings Sustainable and Energy-Efficient Developments to the Estonian Market
Landen real estate, which recently entered the Estonian real estate market, focuses on sustainability and energy efficiency, offering innovative and environmentally friendly solutions in both residential and commercial property developments. The company's CEO Sten Uritam shares forecasts and thoughts on the future of the real estate market.
A forward-looking and responsible development company
Founded last year, Landen real estate is based on Estonian capital and seeks to differentiate itself in the market by offering solutions that reduce energy consumption while maintaining high quality of life at affordable prices. The company focuses on responsible real estate development that takes into account both environmental and economic sustainability.
"Landen real estate's strength lies in our long-term experience in the design and construction sectors, which allows us to focus on cost-effectiveness during the project planning phase. Thanks to this, we can offer functional and energy-efficient homes that meet both today's and future needs," explained CEO Sten Uritam.
Ambitious goals in the market
Landen real estate plans to launch two new development projects in the first half of next year and continue at an active pace in the second half of 2025. The company's five-year goal is to rise to the top 20 real estate developers in Estonia, who together hold approximately 80% of the market share.
Current situation and future forecasts in the real estate sector
Landen real estate entered the market during a challenging time when, according to Land Board data, the number of real estate transactions has fallen by 7% over the past year and the total value of sales transactions has decreased by 13%. However, according to Sten Uritam, this change rather reflects market stabilization following the activity of 2020-2022, which was supported by high mortgage loans and pension fund payouts.
"There is still significant interest in quality and well-planned developments, although buyers have become more selective and are looking for more value in their investments. We believe that demand will start to grow again in the coming years, especially if the EURIBOR rate stabilizes," Uritam forecasted.
Despite the current market slowdown, Landen real estate sees an opportunity to offer solutions that meet changing market conditions and consumer expectations.
