Property for sale in Tallinn

It is unique because of the mix of the countries bordering the Baltic Sea — the developed economies of Germany and Scandinavia and the expanding economies of the Baltic States, Poland and Northwest Russia. Get more information on property for sale in Estonia.

The City of Tallinn, with a population of more than 400,000, is the driving force of Estonia’s economy. In 2005, Tallinn received 68 percent of Estonia’s foreign investments, amounting to 1,500 million EUR, i.e. 3,761 EUR per capita. The most attractive economic sectors in Estonia were fi nancing (47 percent), real estate and business services (16 percent), and manufacturing (14 percent).

The reserve of undeveloped land in Tallinn city centre is decreasing year by year. A strong demand for new residential developments has created a favourable situation for a further rise in the price of unimproved land. The cost of property for sale transactions in Tallinn centre may vary considerably depending on the construction volumes that are permitted on specifi c lots. There is notable pressure by developers for reconstruction on plots that have been developed ineffi ciently in the past. Acquisitions have also been made by purchasing lots from the City of Tallinn and from the state at auction.

Residential construction in Tallinn has vigorously expanded into neighbouring rural municipalities, where former agricultural land has been  converted into new residential developments.