Buying and Selling a Property in Estonia

Estonia borders Russia and Latvia - with Finland just across the sea, and Sweden to the west. Estonia is right at the heart of the old-world Eastern Europe and is a popular choice for European expatriates along with other former Soviet-run states, emerging as it has done as an independent and developed country. The capital of Estonia is Tallinn, and the country has a population of less than one and a half milion. Estonia is a fascinating place for a holiday since it is packed full of interesting attractions with more than 1000 lakes making fishing holidays in Estonia very popular. The beaches of the Baltic Sea are also a huge draw, with the Pamu resort being a top hotspot.

Buying a property in Estonia involves a reservation agreement between the buyer of the Estonian property and the seller, a document formally recognizing the intended purchase, explaining required deposits and final sales price. A compensation clause of around 20-30% of the purchase price is included in the deposit fee. The great thing about buying property in Estonia is that no notary is required and buyers from abroad can make a purchase without actually even viewing the Estonian property.

Individuals who wish to rent a property in Estonia rent through the private market – the other option – that of buying from the state controlled market is for Estonians only, many of whom rent for the long term. Before signing the lease overseas buyers should always have all the details fully specified in writing and must clearly understand the terms. Rent will usually be due monthly on an Estonian rental property and landlords sometimes demand up to six months’ rent upfront, as a deposit. There are also numerous types of vacation properties to rent in Estonia, from beachfront apartments to log cabins with saunas around the lakes and forests.

We at Eurofalcon.com like to make life a little easier for people wishing to buy or rent property in Estonia. By using the simple search tool on our website you can quickly and easily find your dream property in Estonia – and be able to contact Estonian sellers and landlords directly. If you own a property in Estonia you are considering renting out or selling then use our free listings service which also includes translation of your advertisement into several European languages, thereby attracting even more interested viewings and increasing your chances of renting or selling quickly.