SELECTION OF REAL ESTATE FOR PURCHASE OR RENT IN ESTONIA

SELECTION OF REAL ESTATE FOR PURCHASE OR RENT IN ESTONIA

Currently, many people travel, change their place of residence, place of work, and study abroad, for all these purposes it is necessary to have real estate where you can live for a short or long time.

Estonia is diverse and therefore has a very large selection of various real estate properties to buy or rent in Estonia. Therefore, based on this, each person has his own needs and is looking for the best option for himself.

Buying real estate in Estonia is a simple and relatively quick process. Non-residents and foreign companies can buy real estate in Estonia under the same conditions as residents. First, it is necessary to conclude a contract of sale and notarize it, and then take other actions.

The most correct decision for choosing a real estate object is to contact agencies.

Rent housing in Estonia

Having arrived or just planning to move to a country like Estonia, many people are looking for suitable housing or an office for conducting business activities. Each case is individual, so the approach to each client should be individual. The rental housing market in Estonia is highly fragmented because there is no single center where rental information and opportunities come together. Usually, most of the action happens on social media and social media groups, so you can start there.

This year, some changes took place in the rental market. The availability of rental apartments/houses has decreased significantly in recent months, mainly due to the activity of local residents and Ukrainian refugees looking for a place to live. In extreme cases, there were 50–80 applicants for an apartment. Yes, finding a new home can be very difficult these days.

If and when the situation will change, is impossible to guess. The capital Tallinn suffers the most from this; in other cities as well, but less.

In addition, prices have increased in all senses: general inflation, electricity, gas, fuel, rental property, purchase of property, etc. The situation is similar to most countries, so there is probably nothing surprising here.

The rental process can be quite expensive in Estonia. The traditional market standard is to ask (on entry) for the first month’s rent, a deposit (1-3 months), and a contract or agency fee equivalent to one month’s rent. For example: if your rent is €600 per month, your initial costs will be around €1,800-€3,000. Thus, the rental market has remained unchanged for many decades.

Therefore, you should contact our company if you need the following services:

• Viewing housing at any convenient time for the client
• An opportunity to meet with the owner of the apartment and house one-on-one, and discuss all the nuances of further renting
• Full support when concluding a lease agreement, this is the preparation of all documents
• Provision of a large number of possible options for concluding a lease agreement

Therefore, a number of factors will influence the choice of the best real estate option and the value of the such real estate, including:

• Location (which city is this and where exactly in the city will the building be located)
• Area, number of rooms
• Absence or availability of furniture and necessary equipment

Regarding the term of finding such housing

This term is up to 3 days, depending on your requests and preferences

Rent of commercial real estate

The possibility of renting commercial real estate, which is in no less demand, is also important. After all, quite often it is a business that is moved or a new one is started, and Estonia is also an attractive place for investors.

By contacting specialists, you can receive quality services in the following areas:

• Finding the best real estate option for the development of your company
• An individual approach for each client, taking into account your goals, areas of activity
• Legal processing of documents necessary for rent
• Promptness, because we will select the best option for you in the shortest possible time

Buying a home in Estonia

Real estate in Estonia is an extraordinary opportunity and advantage for a stable life and business development, because it is an additional guarantor of obtaining a visa, credit, residence permit, etc.

Specialists will select the best option just for you. It is worth considering that regardless of whether you choose luxury real estate in Estonia or a more budget option, the cost of services will be negotiable. Thus, you will get the most attractive accommodation in Europe at a good price.

The purchase of a commercial real estate in Estonia

is a question that interests not only businessmen but also investors who want to earn a large stable passive income.

Making a suitable purchase and selecting a suitable object is a difficult and time-consuming process that requires knowledge, time, and effort.

Today, for the purchase of the commercial real estate, various types of commercial objects are offered, which include the following:

• warehouse buildings;
• offices;
• business centers;
• trading platforms;
• shops;
• complex buildings.

Before purchase, all these objects are checked for the presence of arrests, mortgages from the owner, and a number of other undesirable factors. Thanks to this, buying commercial real estate is always a safe investment.

Buying land in Estonia

Foreigners do not have the right to acquire land and houses located near state borders (both sea and land). Individuals are prohibited from buying real estate on the Estonian islands.

There are no property documents in Estonia. A notarized statement on the transfer of ownership of the real estate to the buyer in the land register is submitted to the land register. After this process, the title is legally binding. Public notice of the transfer must be published in the Official State Gazette, although ownership is not affected, the publication process is almost automatic.

It takes an average of 65 days to complete the four procedures required for property registration in Estonia.

Real estate taxes

You do not need to pay taxes on Estonian housing (house, apartment). And the cost of the tax on the land itself varies from 0.5% to 3% per year. Directly depending on the city in which the purchased object is located. And after you have sold real estate and paid income tax, you can safely go abroad with this money.

• Services of a real estate lawyer in Estonia
• Renting residential real estate in Estonia
• Renting commercial real estate in Estonia
• Buying residential real estate in Estonia
• Buying commercial real estate in Estonia