Estonia has a very special property market which, at present, seems to be in a steady but above all convenient situation. From the analysis of the market there are several details related to the year 2018 that currently provide strengths for investors who are interested in buying a property in Estonia.



Buildings and rooms



There are no restrictions for rental or sale contracts. Rents are usually fixed and with low prices.

With 30,000 euros it is possible to buy an apartment in the center of the capital, while for the rent it starts at 200 euros per month.



The costs of maintaining the property depend on the level of depreciation of the building. Currently they range from 3 to 10 euros. (50% less than last year).





Interest rates are also very low, even though there has been a slight increase in house prices compared to 2017.



Let's see in detail in the main cities




In Tallinn, capital the average price of houses increased by 4.38%
In Tartu City, the second largest city and intellectual capital of Estonia, apartment prices have increased by 7% compared to 1.76% of the previous year.
In Parnu City, the summer capital of the country, apartment prices increased by 6.05%, after rising 19.63% a year earlier.
In Estonia, with the exception of Tallinn, apartment prices have increased by 10.63%, after an increase of 7% on an annual basis in the third quarter of 2016.




Supply and demand continue to grow

In 2017, purchase and sale contracts reached 51,000, the highest level in the last five years.



The economy as a whole has also recorded positive levels, with a very rapid growth of 2% in the second quarter and (announced) of 5%.



We can say that the market is alive and, obviously, the liveliness of a real estate market is a sign of well-being.



It seems that this year for Estonia was really lucky!