Why Invest?
The country is an emerging market for foreign property buyers, and there are still hundreds of bargains to be snapped up. The cost of living is much less than in Western Europe. Already popular as a tourist destination for British tourists, this stable, friendly country is the next Eastern European hot spot.
[ More Info ]
Market Report
We predict the further fuelling demand for property in Estonia. The property price will increase 10% to 12% in the coming four five years.
[ More Info ]
Economic Overview
The Estonian economy is growing quickly, partly due to a number of Scandinavian companies relocating their routine operations to the country and Russian oil transit using Estonian ports. Estonia has a strong information technology (IT) sector. Its GDP PPP per capita is at $17,802, the highest of the Baltic states, while its unemployment rate was 4.2% in July 2006, one of the lowest in the European Union.
[ More Info ]
Visa/Residency Issues
A visa is issued on conditions and according to the procedure established in legal acts. An alien, whom the state grants the permit to enter into its territory and stay in the state for a short period, must provide evidence of the purpose of his/her stay in the state and the capability of bearing the respective costs as well as his/her intention to leave. If the visa requirement applies to an alien, he/she has to submit an application for a visa.
[ More Info ]
Getting to Estonia
Approximate flight time from London to Tallinn is 3 hours. Tallinn Airport is about 4 kilometres from Raekoja plats (Town Hall square); there's a local bus connection between the airport and the edge of the city centre.
[ More Info ]
Fees & Taxes
- Property taxes are relatively low, and are likely to remain so.
- Land tax is based on the market value of land and ranges between 0.1 to 2.5% of market value of land annually.
- In Estonia income tax is 23%.
- Estonia does not impose any gift, inheritance or estate taxes.
- Fringe benefits tax in Estonia is 79.7%.
[ More Info ] |
|
Estonia |
 |
Basic Information
| Population |
1,330,000 |
| Languages |
Estonian |
| Area (km2) |
17,413 sq mi |
| Currency |
Estonian Kroon |
| Dialing Code |
+372
|
| Emergency Services |
112 / 110 |
Estonia Overview
Estonia, bordered by the Baltic Sea, the Russian Federation and Latvia, and the most northerly of the three former Societ Baltic republics, is a country of great scenic beauty with many forests, lakes and islands. Estonia offers a wide variety of attractions both scenic and historic.
Average Property Prices
Coming soon.......
Buying Process
- If the buyer decides to proceed with the sale, he will have to sign 'reservation agreement' to be drawn up between the developer and the buyer.
- This is a preliminary contract which formally documents the intended purchase and explains the deposit amount and the final price payable on completion.
- A deposit amount, usually amounting to 10% - 20% of the final purchase price, is payable once the reservation agreement is signed.
- When the property is complete, the buyer has a certain time period to check the property and to notify the developer of any outstanding problems with the development prior to completion.
- If all is well with the property, the final balance of the purchase price is payable to the notary in time for the agreed completion date.
- The buyer must attend the notary on the completion date to sign the purchase contract.
- Following completion, the buyer must pay a stamp duty charge to the local authority before the purchase agreement is released to the buyer.
[ More Info ] |
