Overview of Estonia

On this page you will find links to details of Estonia holiday homes for sale and Estonia rental accommodation. The Republic of Estonia is in Eastern Europe and is bordered by the Gulf of Finland and Gulf of Livonia, Latvia & Russia. Until the country joined the EU, in 2004, it was not considered a country for property investment, but that has changed dramatically . There are over fifteen hundred islands that belong to Estonia but the bulk of the property activity is centred on Tallinn, the capital city and Estonia's main port. Other cities include Tartu, Narva, Parnu, Haapsalu, Viljandi, Johvi, Rakvere, Sillamae, Kuressaare, Voru, Paide and Valga but these are not nearly as populkar with foreign buyers. A recent survey has placed Tallin, the capital of Estonia, near the top of countries that are likely to produce strong property returns in the coming years. Since joing the EU the Estonian economy has gone from strength to strength and it is widely accepted that this will continue for the foreseeable future. Underpinning these increases, Estonia offers a fully computerised land registry, strong business culture, low levels of corruption and taxation and an increasingly wealthy middle class that are keen to move in to quality accommodation. Whilst they are embracing the culture of buying their own property, many still prefer to renters for the present moment. Without doubt the main area of growth has been in Tallin, the capital city and short term rental opportunities are good with the city becoming a firm favourite with visitors from the United Kingdom. Out side of the capital, property is often available at giveaway prices, and many of these regions remain undiscoverd, areas include Harju, Laane,Parnu,Rapla,Tartu and Viljandi. Two systems of property rental occur in Estonia and most rental to non residents happen on an open market basis. There is a rent controlled system but this tends to produce lower rental yields and is mainly used by Estonian citizens.