New buildings in Tallinn
Location and climate
Tallinn is a port city, the capital of the Republic of Estonia, located in the northern part of Europe, on the shores of the Gulf of Finland, 80 kilometers from the capital of Finland, Helsinki.
The climate is transitional from maritime to temperate continental, with cold winters and cool summers. The average annual temperature is +5.8°C.
Why is it profitable to buy an apartment in Tallinn in a new building?
Tallinn is one of the oldest cities (13th century) that has a large port on the Baltic Sea, which largely relies on the local economy. The city has several developed industries: electronics, engineering, shipbuilding, textile production, food industry, and services. Many objects of cultural and historical heritage are well preserved or reconstructed, so the city is popular with tourists.
The international airport is located just 4 km from the city. Intracity transportation of passengers is carried out by buses, trolleybuses, trams, railway and ferry transport.
The system of higher education is represented by the Tallinn Technical University, several academies and several institutes (pedagogical, art, polytechnic institutes) as well as a conservatory.
The primary real estate market in Tallinn, as some experts believe, has reached a peak in terms of the number of transactions and will be relatively stable in this indicator in the near future. Despite this, the median price is rising as the demand for Tallinn real estate in the new buildings continues to be significant. According to experts, the newly built residential complexes in Tallinn will not remain empty, because people want to change their old housing for new and there are still more buyers of apartments in the residential complex than there are offers.
Most Tallinn residents prefer to live in the Lasnamäe area, but there are few new buildings there. The most popular area for development is Haabersti. Thanks to the active construction of housing, the population is growing. And, of course, investors appreciate new buildings from the developers by the bay. An important factor is the availability of infrastructure near the facility under construction, the sale of apartments from developers is a transparent and simple procedure; the quality of the housing meets the standards, which is confirmed by the feedback from buyers of apartments in new buildings.
The minimum price per square meter of space in a turnkey apartment from a developer in a new building (in accordance with the information of the GEOLN.COM real estate search engine) is 1,490 USD.
What to see
- Castles: Toompea, Maarjamägi
- Old city
- Town hall
- Fat Margaret tower
- Viru Gate
- Lane of St. Catherine
- Museums: aviation, Lennusadam seaport, Roca al Mare, orders of chivalry
- Palace and park ensemble Kadriorg
- Song festival grounds
- Churches of: Kaarli, Niguliste, Holy Spirit, St. Olaf, St. Nicholas
- Alexander Nevsky Cathedral
- Botanical Garden
Acquisition of apartments in Tallinn from the developers by foreign citizens
Foreign investors can freely buy apartments from the developers in Tallinn on the same terms as Estonian citizens.
Purchasing an apartment in a new building in Tallinn is an investment that gives you the opportunity to receive a stable rental income, live in an attractive city for tourists with good infrastructure and an active business life.