Järelturul

Järelturul refers to the secondary market in Estonian. This is a broad term encompassing the buying and selling of pre-owned goods, services, or assets. Unlike the primary market where items are sold for the first time by their original producer or distributor, the järelturul involves transactions between consumers or entities that have previously acquired the item.

Examples of järelturul transactions are numerous and diverse. They include the sale of used cars, pre-owned clothing, second-hand furniture, and vintage electronics. In the financial sector, the järelturul is where previously issued stocks and bonds are traded between investors. Real estate can also be part of the järelturul when properties are resold. The concept extends to services as well, such as the resale of event tickets or unused subscription time.

The järelturul plays a significant role in the economy by extending the lifespan of products, offering more affordable options for consumers, and providing avenues for individuals to recoup some of the initial cost of their possessions. It can also contribute to sustainability efforts by promoting reuse and reducing waste. Online platforms and marketplaces have greatly facilitated the growth and accessibility of the järelturul in recent years.