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Why Choose Estonia?
- High economic growth (10.5% in 2005, 11.8% in 2006)
- Liberalised, stable, low tax economy
- EU membership since May 2004
- Stable currency pegged to the Euro (1 Euro = 15.6466 Kroon)
- High levels of foreign investment
- Members of WTO & NATO; US ‘Most Favoured Nation’ Status
- Significant investment from Finland & Sweden
- Highly skilled, low wage workforce
Why Property in Estonia?
- No restrictions on foreign ownership of property
- Consistent upward trend in property prices (av. 12% pa)
- Rapidly growing tourism in Tallinn (the "New Prague" & UNESCO World Heritage Site) boosted by low cost Easyjet flight services from London and Berlin
- Increasing property investment from Finland (Helsinki is close & 300% more expensive)
- Increasing domestic demand prompted by lower local interest rates & banking sector reform
- EU membership leading to increasing interest from foreign buyers in property in the UNESCO World Heritage city of Tallinn
- Rental yields around 6%
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