According to the Knight Frank Global House Price Index, property values in the country increased by 6.9 per cent year-on-year, while quarterly growth of 1.4 per cent was recorded.
This put Estonia within the top ten real estate markets in the world and made it one of the best sectors in Europe.
It isn't only Knight Frank that has noted a rise in Estonian property values, with Ober-Haus revealing last month that apartment prices in Tallinn climbed substantially in the first six months of this year.
The Baltic estate agency's research showed the cost of buying a flat in the country's capital jumped by 7.6 per cent in the six months from January to June.
An increase in the number of new apartments being developed in popular areas of the city was cited as the main reason for the significant uplift in values.