Property In Estonia
This tiny, progressive country is the most prosperous of the Baltic states. Today’s investors in Estonia seek to benefit from medium to long term returns on property in high demand, sought-after locations.
Despite a relative slowdown in the property market, Estonia is settling into a more stable period of growth, fuelled by a solid and successful economy and very real prospects for growth over time (12% per annum in 2007). Foreign buyers in Estonia look to cash in on inevitable long term profits for the future: the adoption of the Euro, widely forecasted for 2010, should provide a further medium term boost to capital growth, along with the enormous on-going local demand for top quality accommodation in the city and seaside resorts such as Parnu.
Since independence in 1991 and EU membership in 2004, Estonians have been progressively enjoyed vastly increased wealth and, for the first time, many ordinary citizens are now in a position to buy their own properties, creating a ready local market for your overseas investment in Estonia. The nation is also particularly attractive to Finnish investors who are keen to buy up real estate within close proximity to back home, but at a fraction of the cost.
Many buyers are focusing on trendy restorations or new pads in the heart of the historic city of Tallinn, while others opt for the quieter pace of life in Estonia’s pleasant seaside resorts.
Propertyshowrooms.com and Property in Estonia
As the strongest of the Baltic states, Estonia and its property market still have plenty of life left in them yet. We are experts at sourcing and carefully vetting property developments in Estonia, at prices that offer you the best possible returns on investment.
EU accession has increased the popularity of Tallinn, the nation’s capital. Sometimes dubbed ‘New Prague’, the city has become a favoured weekend destination for many Western Europeans.
Estonia’s ‘Summer Capital’, Parnu, is an increasingly popular location in which to buy holiday property and, with the increase in domestic purchasing power, many new apartments and villas are going up, attracting interest from local and well as overseas buyers. Building on a late 19th-century tradition of mud baths, Parnu is capitalising upon its traditional and thriving health resort industry. Currently, on or near the coast, prices for new constructions are already nearing Tallinn levels, clearly indicating that market growth is gradually spreading throughout the country.
Further information and resources
||Estonia Property Buyers Guide
A simple guide to buying property in Estonia. Our Estonia property Buyers’ Guide gives you an idea of the purchase process for property in Estonia, along with some useful tips.
Many potential buyers of property in Estonia will seek finance for their investment. Find out the finance options that are available for the purchase of property in Estonia.
||Estonia Property Currency Exchange
Intelligent currency exchange could save Estonia property buyers thousands when transferring funds overseas. Due to our partnership with a major international FX company, clients can transfer funds efficiently.
This section helps clarify many of the most common queries property purchasers have regarding buying real estate in Estonia.
||Estoniaian Property News
It is essential to keep up to date with the property market prior to a purchase in Estonia. This section offers access to the latest news and articles on the Estonian property market.
||Estonia Property Tax
You will need an appreciation of Estonian tax matters when considering the purchase of a property in Estonia. Find out some useful tips here.
Estonian Property Investment
Estonia offers foreign property buyers ease of investment, a boldly liberal government and beautiful homes in both the capital city and seaside resorts.
With the Estonian Kroon (EEK) already pegged to the Euro, Estonia provides a stable business and investment environment for EU companies. The Estonian government and Bank of Estonia are keen to replace the Kroon with the Euro at the earliest opportunity, once the Maastricht inflation target has been met.
Although capital growth rates are unlikely to reach previous levels of up to 40% per annum, investment property in Estonia still attracts steady appreciation of approx. 12% per annum. This is firmly backed by strong EU and foreign investment, along with an unsated demand for well located, quality properties from the nation’s increasingly wealthy population.
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