Real estate in new builds from developers of Tallinn
Resale property from owners in Tallinn
Real estate in Tallinn
Location, climate, and economy
Tallinn is the capital, largest city and main port of Estonia, located on the coast of the Gulf of Finland, in the north of the country. It is one of the largest and most beautiful cities in the Baltics, located on the northeastern coast of the Baltic Sea. Tallinn is an amazing combination of antiquity and modernity, it is also considered one of the most interesting cities in Estonia.
The climate is maritime: rather mild winters with slight frosts and thaws, cool springs, warm summers and rainy autumns. The average temperature in February is −5.8°C, in July +16.4°C.
Modern Tallinn is the largest industrial, business, financial, tourist and transport center in Estonia. The head offices and main enterprises of most of the country's leading companies and branches of foreign companies (Ericsson Tallinn, Tallinna Sadam, Norma, Swedbank, Tallink, BLRT Grupp, etc.) are concentrated here. The port of Tallinn, being one of the largest enterprises in Estonia, is one of the most important ports on the Baltic Sea.
Why buying real estate in Tallinn is profitable
The real estate market in Tallinn is one of the most popular in the country for buying real estate. Foreign investors do not lose interest in real estate projects in Tallinn. In fact, a large number of migrants come here ready to invest in real estate or replenish the number of tenants, which also stimulates effective demand and creates a favorable basis for the stability of the local market.
Among other advantages of purchasing real estate in Tallinn, the following are worth noting:
- developed infrastructure;
- accessibility of international airports and ports;
- rich cultural and historical heritage, many attractions;
- high quality of life;
- economic freedoms and loyal taxes that promote business development;
- convenient infrastructure and excellent transport links with other states; comfortable rest at sea;
- the possibility of obtaining a multiple-entry Schengen visa;
- continuous development of the local market (new housing is being built, housing estates and districts are being created);
- security of buying residential real estate;
- the possibility of earning income from the rental of housing.
Residential real estate in Tallinn is represented by a large assortment, you can buy both modern new buildings and apartments near the famous Old Town. The prices for apartments in Tallinn are high compared to other cities in Estonia, but the quality of life in the capital is higher, there are more opportunities, places to work, cultural institutions, etc. In addition, the cost of the residential sector in the region is steadily growing, which guarantees profitable rental and resale of objects.
Reviews of buyers of new buildings confirm that the primary property meets the quality standards of construction. Residential complexes that are put into operation offer improved conditions and an orderly territory. During the sale of projects under construction, developers offer promotions, discounts, installment payments.
The cost of real estate in Tallinn
The cost of real estate in Tallinn is on average 1400-1450 euros per sq.m., 2000-3000 euros - in the Old Town. Approximate prices for real estate in Tallinn:
- a studio on the outskirts - 35 thousand euros;
- one-room apartment - 45 thousand euros;
- three-room apartment - 70 thousand euros;
- private two-story house - 250 thousand euros;
- luxury villa by the sea - 5 million euros.
In areas of Tallinn, prices for one-room, two-room and three-room apartments can vary significantly. For example, if a one-room apartment in the Lasnamäe district can be bought for an average of 1,200 euros per square meter, then in the city center the price is 2,900 euros per square meter. Inexpensive apartments can be purchased on the outskirts, in areas of "socialist" development.
Types of real estate for sale
Potential investors can choose the following types of real estate in Tallinn:
- residential (apartment, house, villa, flat, penthouse, cottage, etc.);
- commercial (shopping space, office space, warehouses, industrial premises, etc.);
- land plots.
Real estate website in Tallinn
The GEOLN.COM website with a user-friendly search interface helps investors to find and buy residential real estate in Tallinn (the current catalog of verified real estate objects in Tallinn is presented there). On the site you can choose apartments according to the necessary parameters without intermediaries and take advantage of the advice of specialists.
Buying real estate in Tallinn by foreigners: the nuances of investing
Foreign investors can buy real estate in Tallinn on the same terms as citizens of the country. Estonian legislation does not restrict the purchase of real estate; rather liberal laws apply here. The sale and purchase is regulated in detail by law, transactions are transparent and safe.
We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of objects according to individual parameters, provide a comprehensive service to support the safe execution of a transaction. The purchase and sale of real estate in Tallinn is provided by professionals with many years of experience.
Buying real estate in Tallinn is a profitable investment that guarantees a stable income from renting your property out, living in an attractive city for tourists with a developed infrastructure and an active business life.