Below you will find the answers to some of your immediate questions when considering a property purchase in Estonia.
Yes, foreign nationals can freely buy and sell property in Estonia. In fact, over the past decade, as Estonia progressed as an independent nation, the government has actively worked to liberalise laws governing the ownership and sales of real estate.
Estonia offers the chance to buy affordable European property which, despite a relative slowdown, still offers strong annual capital appreciation of approx. 12% and respectable rental yields of 6% in sought after locations. Named the ‘New Prague’, Tallinn, Estonia’s capital city, is a modern city, steeped in Medieval charms, and a proud member of the UNESCO world heritage listings. Many buyers are snapping up beautiful, restored properties within the Old Town, as well as in areas within an easy ten minutes of the city centre.
A growing local population of wealthy professionals is now looking to jump onto the property ladder for the first time since the austerity of Soviet days. It is easy to fly to Estonia from most European capitals and, with airport expansion and increased budget airline services, the prognosis looks highly positive for Estonia.
Since EU accession in 2004, Estonia’s political agenda has strongly supported foreign investment. Estonia receives the second highest per capita EU cash inflow of all 9 acceding countries. This is boosting Estonia’s already rapidly expanding economy, increasing personal incomes and bringing about inevitable growth in the property market. Foreign investors are further encouraged by tax breaks and the current low real estate prices still to be found. Estonia maintains strong trade ties to Finland, Sweden, and Germany, and its services and manufacturing sectors are thriving.
The international airport of Tallin, “Ülemiste Lennujaam” is the main point of entry for international visitors and is located just 4 km from Tallinn city centre.
Air Baltic, Airest, Avies, City Airline, CSA Czech Airlines, EasyJet, Finnair, Finncomm Airlines, Flynordic, KLM Royal Dutch Airlines, Air France, Northwest Airlines, Al Italia, Delta Airlines, LOT Polish Airlines, Lufthansa, Norwegian and SAS Scandinavian Airlines.
Amsterdam, London, Moscow, Frankfurt, Riga, Helsinki, Vilnius, Stockholm, Copenhagen, Prague, Brussels, Barcelona, Kiev, Oslo, El Alamein.
For more information, please refer to our page on travelling to Estonia
Direct flights from London take approximately 2 hours and 50 minutes.
Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Germany, Greece, Finland, France, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, The Netherlands, United Kingdom - and Switzerland.
The basis for their stay in Estonia is regulated by the Citizen of European Union Act
Andorra, Argentina, Australia, Brazil, Brunei, Canada, Chile, Costa Rica, Croatia, El Salvador, Guatemala, Holy See, Honduras, Hong Kong Special Administrative Region, Israel, Japan, Macao Special Administrative Region, Malaysia, Mexico, Monaco, New Zealand, Nicaragua, Panama, Paraguay, San Marino, Singapore, South Korea, United States of America, Uruguay, Venezuela.
Citizens of countries NOT mentioned above require a visa to enter Estonia.
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