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Buying Property in Estonia

By 16 April 2022October 31st, 2022No Comments

In this article, our colleague from Gurcan Partners Estonia Att. Ingmar Lääts will mention Buying Property in Estonia. Process, Cost and Difference for Foreigners, Buying Property in Tallinn, Property Investment in Estonia

 

Buying Property in Estonia

 

Property Purchase in Tallinn is quite popular in the last few years. The average price of apartments in Tallinn increased by a modest 3.48% to €1,843 per square meter (sq. m) in 2018. Property Investment in Estonia starts to be very popular among the high number of expats in Estonia.

Real-estate purchases are relatively condition-free for non-Estonians. It is worth mentioning that buying real estate is not directly linked to obtaining a residence permit though as it is in some countries.

 

The main websites that list the available real-estate in Estonia are:

  1. www.kv.ee 
  2. www.city24.ee – both of them also operate in English.

The actual real-estate purchase agreement has to be notarized and the ownership has to be transferred in the Real-estate registry (or in other words Immovables Portal).

 

Due Diligence of the property is quite important to proceed to Property Purchase in Tallinn or any city in Estonia. Gurcan Partners International Law Firm’s professional team is ready to assist you during all process to property purchase in Estonia.

Please contact us.

We will back to you within 24 hours.

@: [email protected]

Or Call Us

+ 372 60 26 570 (English)

The Portal is an effective way to check the ownership status and also other important aspects such us collaterals that are linked to the real-estate in question. Although it is a public database, the inquiries are not free.

So far we have assisted over 400 companies. Check out our experiences.

 

The notary fee and the state fee related to the purchase are relatively low – mostly parties agree that the buyer pays for the related costs but that is a question of negotiation.

The whole process is relatively smooth and fast. Finding an English-speaking notary might not always be speedy but you can always find someone to translate.

 

Our lawyers will assist you during the whole process of property purchase in Estonia.

 

There are a few restrictions for people in regard to the type of real estate.

For example regarding the plots of land on the border areas due to national security reasons. Also, agricultural land and forest land could require permission from local authorities but buying an apartment has no real restrictions.

Especially second-hand houses may have several hidden legal problems. One other point is the preparation of the purchase contract. Having a lawyer during the procedure of property purchase in Estonia is the safest way. Our professional team is ready to help you during all procedures of buying property in Estonia.

Please contact us.

Gurcan Consultancy provides property services, tax advising and accounting services in Estonia. To get to know about property taxes in Estonia, please contact us via mail.

We will back to you within 24 hours.

@: [email protected]

Or Call Us

+ 372 60 26 570(English)

Check out Gurcan Journal for more articles in 13 languages. Schedule your online meeting below.

 

Gurcan Partners

Att. Ingmar Lääts

Gurcan Partners Tallinn Office

Address: Pärnu Mnt 12, 10148 Tallinn/Estonia

Phone: + 372 60 26 570

 

All rights reserved. All rights of Property Purchase in Estonia article belong to Gurcan Partners. The author has no responsibility for the information in this article. This article is prepared just to inform.

Contact Us

Please contact us via email. We endeavor to respond within 24 hours.

We will back to you within 24 hours.

@: [email protected]

Or Call Us

 + 372 60 26 570 (English)

Schedule Your Online Meeting Now

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