This t
iny, 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.