Estonia recommended to overseas property buyers

People who are thinking of buying a residence overseas have been advised to look at Estonia.

According to the Foreign Property Buyer website, authorities in the eastern European country are aiming to attract holidaymakers from abroad.

Money from the European Union is already being used to market Estonia to consumers in other nations and promote is various attractions.

The website believes this could make a good option for prospective buy-to-let investors, as growing tourism is creating new demand for rental accommodation in places such as Tallinn.

Foreign Property Buyer commented: "The Estonian government has a good, open attitude towards investors and this attitude helps in sales and therefore property prices."

The online portal added that the country also offers a strong economy, low taxation levels and a growing housing market.

Earlier this week, Tom Hall of Lonely Planet described Tallinn as one of the most beautiful cities in Europe.