"The number of foreign students in Estonia has skyrocketed in recent years, people come to study here for 3-5 years. However, many of them are unable to find a good dwelling during that time," Kroot Kilvet, chief of corporate banking at DNB Estonia, said.
She said DNB has been expecting a development in the field of student housing services for long and hopefully this step will give a fresh momentum to the dwelling rental market in all the Baltic countries.
1Home is a student housing service provider that rents new and renovated rooms to university students and interns in the Baltic countries. The dwellings offered by 1Home are similar is design and rented on similar conditions, with the final size of rent determined by the size and location of the apartment.
1Home Group AS board member Arvo Antropov said that since the company's outlooks as an international chain look promising, it is planning to expand its concept to other countries in 2017.
According to Statistics Estonia, 51,000 students were acquiring higher education in Estonia at the beginning of the academic year 2015/2016, including more than 25,000 in Tallinn.
