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
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 ex-pats 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:
- 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 to the Real-estate registry (or in other words Immovables Portal).
Gurcan Partners is a corporate member of:
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 processes of property purchase in Estonia.
The notary fee and the state fee related to the purchase are relatively low – most parties agree that the buyer pays for the related costs but that is a question of negotiation.
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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 secondhand 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.
Buying Property in Estonia
Att. Ingmar Lääts
All rights reserved. All rights of the Buying Property in Estonia article belong to Gurcan Partners International Law Firm. The author has no responsibility for the information in this article. This article is prepared just to inform.
Gurcan Partners Estonia
Tallinn Office: +372 60 26 570 (English)
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