Property
in Tallinn
The ongoing demand for property in Tallinn has been
driven by its recent European Union membership, an
excellent business environment, liberal economic policy
and low taxes which have already attracted numerous
investors including companies and individuals. Foreigners
in Estonia can freely buy and sell residential real
estate with no restrictions, and completion can take
less than a month. The projected growth of GDP for
2004 is 5.7% and rental yields are a healthy 10%.
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About
Tallinn
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During
the Middle Ages and the Hanseatic
League, 70 Baltic Sea cities formed
the most dominating trading bloc
in the world of which the area
of today’s Estonia was much
sought after. In the recent decade,
Estonia has
become one of the most direct and
favorable transit corridors
to reach the developing eastern
markets and Tallinn provides international
standard facilities as the second
largest port of the Baltic Sea
after St. Petersburg. The modern
Baltic region consists of ten countries
with a combined population of 90
million people encompassing a mix
of countries bordering the Baltic
Sea such as Germany, Scandinavia,
the Baltic States, Poland and North-West
Russia. Tallinn is a unique combination
of charming medieval and traditional
Estonian architecture and the practical
building of the Soviet era.
Visitors and foreign
investors alike are attracted
to Tallinn
by its cultural similarities to
the major Scandinavian cities,
its quaint medieval charm, a well-educated
and skilled work force, and the
availability of modern technologies.
Differences in cost levels between
the Scandinavian countries and
the emerging markets of the Baltics
offer companies an ideal opportunity
to combine the advantages of the
different parts of the region.
Tallinn has a long history as a
port, open to the rest of the world
for trade and commerce. The ongoing
and unmet demand for real estate
in Tallinn, evidences the strong
interest and continued influx of
investment in the city.
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| HOW
TO GET THERE |
Estonian
Air flies 15 regular routes in
Europe, from Tallinn to Amsterdam,
Berlin, Brussels, Copenhagen, Frankfurt,
Gothenburg, Hamburg, Kiev, London
(Gatwick), Moscow, Munich, Oslo,
Paris, Stockholm and Vilnius.
Discount airline Easyjet flies
Tallinn to Berlin Schönefeld
or Tallinn to London Stansted
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Other
Regions in Estonia: Baltic
Sea Coast
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