Estonia is an advanced country in the Baltics, which is famous for its high standard of living, the development of the IT sector, the absence of bureaucracy, as well as its stunning nature and medieval architecture.
FAQ about buying and renting real estate and residence permit in Estonia
Foreign citizens can purchase urban real estate in Estonia without any restrictions.
Сonditions for applying to the purchase of land and houses:
- Foreigners do not have the right to acquire land and houses located near state borders (both sea and land).
- Individuals do not have the right to buy land and forest plots with an area of more than 10 hectares.
- Individuals do not have the right to purchase real estate on the islands of Estonia. Legal entities have such an opportunity only on the condition that the board of directors of the company includes citizens of the European Union.
Real estate value
Price per square meter in the city center - 3,500 - 5,000 euros
Price per square meter outside the center - 2,600 - 3,500 euros
Rental rates in Tallinn
- Apartment with 1 bedroom in the city center 500-850 euros
- One bedroom apartments outside the center 400 - 650 euros
- Apartment with 3 bedrooms in the city center 800 - 1800 euros
- 3 bedroom apartments outside the center 650 - 1200 euros
Estonian residence permit
Unfortunately, Estonia does not issue a residence permit for investment or purchase of real estate.
Today, entrepreneurs or authors of start-up projects can obtain a residence permit.
Residence permit for entrepreneurs
An entrepreneur must invest in the activities of a commercial association from 65.5 thousand euros
Otherwise, to invest in his own or third-party business from 16 thousand euros. At the same time, it is necessary to draw up and defend a business plan.
Benefits of a residence permit for an entrepreneur:
- Possibility to stay in any EU country for an unlimited time.
- The right to issue a residence permit for the spouse of the applicant and children.
- The applicant receives an ID card valid for up to 5 years.
- In the future - obtaining permanent residence and citizenship.
Conditions for obtaining a residence permit:
- Real estate in Estonia is owned or a long-term rental contract.
- The applicant must confirm legal income for the last six months. The amount must be at least 18 times the average gross salary in Estonia.
- The company must conduct active commercial activities for at least four months prior to the submission of documents for a residence permit.
The real estate agent's services are paid by the seller.
Notary fees are usually split between the seller and the buyer in half (the standard rate is 3% plus VAT on the value of the transaction). When buying a primary, the work of a notary is fully paid by the buyer.
There is no tax on the purchase of real estate. But there is a land tax, including for the use of a plot under an apartment building. It is paid once a year. The size depends on the location, the status of the object (apartment or house) and area. On average, for a standard apartment in Tallinn, this figure is up to €100 per year.
Estonian residents registered in this facility are exempt from paying land tax.
The amount of the state duty for registering an object is calculated depending on the object and is 0.25% of the price. For objects in the middle price range, the total amount is no more than €200.
Buying a house or land involves obtaining permission from the local authorities. The cost of such a document is approximately €150.
The tax on income from the sale of real estate in Estonia is 20%. A foreign owner, even without being a resident of the country, is obliged to pay it to the Estonian treasury.
Properties in Estonia
Catalogue
Special offers
- € 2 225 700
- Golf real estate, For sale
- ID: ME-197-98537
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- ID: CY-193-99928
- Cyprus, Limassol, Germasogeia
Westminster Residences for sale in Cyprus
- upon request
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- ID: ME-22-71706
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Hot sale: luxurious penthouse on the first line of the sea, Becici
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- ID: ME-197-98538
- Montenegro, Lustica, Lustica
Cozy semi-detached elevated villa on the golf resort
- € 450 000
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- ID: GR-64-91495
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Maisonette 179m²
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- ID: ES-134-77560
- Spain, Madrid
Two bedroom apartment in the premium complex in Madrid (possibility of installment)
- € 380 000
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- ID: GR-152-71710
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Premium townhouse with two bedrooms, pool and sea views
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- ID: AE-34-88444
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Luxury apartments with stunning views of the Dubai Canal
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Commerce premises in Sharjah with 8% ROI