Estonia » Market Report

Estonia has a very fast moving property market where house sales can be completed within a month.

The affordability of home loans is fuelling mass demand for property to purchase. Tallinn is a popular destination for the world’s construction vehicles as Dubai with developers racing to complete brand new and renovated real estate to sustain the local hunger for property.

Demand for new property for sale in Tallinn is especially strong as residents of Estonia want to escape from the former Soviet influence and live in the lap of luxury in brand new, modern and fresh apartments.

Estonia is booming particularly as a high tech/IT nation. Job opportunities for professionals are increasing in abundance and wages are also increasing which makes debt affordable at the moment but household debt has been increasing by up to 50% per year for the past three years in Estonia and that sort of annual increase cannot continue indefinitely.

International Property Brokers forecast the further fuelling demand for property in Estonia. The property price will increase 10% – 12% in the coming four five years.