Property Investor information: Estonia
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Property Investor information for: Estonia
In the north of East Europe, Estonia is the smallest Baltic State. Close to Scandinavia and Russia, Estonia has a definite nordic feel and a significant proportion of Russian immigrants. All the Baltic States - Lithuania, Latvia and Estonia - were under Soviet rule until 1991 and joined the EU in May 2004.
You will find untouched forests, marshland, 3,700kms of coastline and 1,500 islands in the Baltic Sea. Much of Estonia is fairly flat. Its high latitude means that the seasons are very pronounced in Estonia with over 18 hours of daylight in the height of summer and only 6 hours of daylight in mid winter. Estonia has 36 native species of orchid. Estonia's best known garden is Tallinn Botanic Garden.
The range of property investment in Estonia spans from castles and manor houses to converted windmills and log cabins. The wide availability of wood as a commodity mean that many Estonian investment properties have high quality wooden flooring.
There are no restrictions on the purchase of investment property in Estonia by foreigners. To purchase land, foreigners must apply to the local municipality for approval.
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