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Real estate investment in Estonia

Foreigners can freely buy and sell apartments in Estonia. Buying land with a house is not allowed in all areas. A legal entity can buy a land plot with a house without restrictions if it’s an Estonian company.

Statistics confirm the liquidity of investments: residential real estate prices grow every quarter by an average of 2.4%. Five years ago, an apartment of 100 m² cost an average of €183,000, and today it is sold for €273,000.

€2,734 Average price per 1 m²
of housing in Estonia
2,4% Average price per 1 m²
increase per quarter
2,6—5,6% Buyers’ related expenses,
of the transaction amount

Cost of a 3-bedroom apartment in Estonia

€1 million

Attic apartment in the historical centre of Tallinn

€650,000

Apartment within a 10-minute drive
from the Town Hall Square

€300,000

Apartment in Tartu

What do investors buy?

Properties in the capital, Tallinn, and the second largest city in Estonia, Tartu, are in high demand.

Apartments

  • penthouses and attic apartments
  • apartments

Houses

  • townhouses
  • villas
  • mansions

Estonia residence permit or citizenship by real estate investment

Obtaining an Estonia residence permit or citizenship is not connected with purchasing real estate.

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Taxes and associated costs

Purchase
Ownership
Sale

Property buyers pay a state duty and additional fees.

Associated costs range between 2.6% and 5.6% of the purchase agreement value. When buying an apartment worth €500,000, the investor will spend €513,000, including additional costs.

2.6—5.6% Of the contract value are related costs for the purchase of housing in Estonia
Purchase expenses
Stamp duty 

Depends on the transaction amount 

0.3—0.5%

Of the transaction amount

Notary fee

Depends on the transaction amount 

0.02—0.84%

VAT included

Registration fee
0.25%
Agency fee

Depends on the transaction amount 

2—4%

Taxes

Estonia has no annual property tax, but there is a land tax. Apartment owners pay the land tax for the land plot under an apartment building.

The income tax of 21% is paid on rental earnings.

€2,124 Approximate annual costs for
maintenance of an apartment

Communal payments

Electricity, gas, water, heating, and garbage collection
€128—250 

per month

Internet, TV and telephone
€16—34 

per month

Real estate sellers pay a capital gains tax of 21% on the difference between the sale and purchase prices.

21% Capital gains tax on the sale of
real estate in Estonia