Property for sale in Estonia

1/ Capital: Tallinn

Is the capital and largest city in Estonia. It lies on the northern coast of Estonia on the Gulf of Finland. The city is an important industrial, political and cultural center and seaport. Get more information on property for sale in Tallinn.

2/ Country: Estonia

Is a country in Northern Europe in the Baltic region. It is bordered to the north by Finland across the Gulf of Finland, to the west by Sweden, to the south by Latvia (343 km), and to the east by the Russian Federation (338,6 km). The territory of Estonia covers 45,227 km² and is influenced by a temperate seasonal climate.

3/ Property for sale in Estonia

The accession of Estonia to the EU which took place in May 2004 is further increasing inward investment from other EU countries looking to take advantage of the country’s stable economic environment, flexible free-market attitudes and highly skilled but low wage labor market.

Estonia is set to receive the second highest per capita EU cash inflow of all 9 acceding countries. This will add a further boost to Estonia’s already rapidly expanding economy, increasing personal incomes and therefore boosting the property market. Estonia has consistently achieved high levels of economic growth and this growth is likely to lead to a commensurate growth in property prices over time.

The Estonian Government has an open attitude to the foreign ownership of property

and investment from overseas and this openness is encouraging foreign investment

in real estate. Foreign investors can buy and sell residential property freely.

Property prices , even in the historic centre of the attractive capital city, Tallinn, are still relatively low though are increasing rapidly. Demand for property for sale in Tallinn and the main employment centers in Estonia increased far faster than the rate at which developers could supply fresh property stock; affordability within the consumer marketplace was increased significantly thanks to the development of a healthy mortgage market, and an incredibly favorable labor market situation resulted in rapid wage growth allowing more consumers the ability to afford greater loan exposure – as a result property price growth in Estonia began spiraling upwards.