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Investment

Property prices in Estonia have been increasing for the past decade or so and the accession of Estonia into the European Union in May 2004 only sought to reinforce this fact. The largest price increases have been found in Tallinn where the price of residential property has risen by 15% in 2005 and analysts predict that 2006 will see rises of up to 20%. This is in large part fuelled by the benefits of joining the EU.

Wood is one of the largest commodities in Estonia so you will find that it is possible to readily purchase a small log cabin. Parnu is an area in which there has been interest amongst property investors due to the excellent beaches and the central location between Tallinn and Riga. You could expect to pick up a two or three bedroom log cabin in this are for approximately 59,000.

Tallinn is similar to a number of European capital cities in that apartments are an area of growth. It is possible to pick up a small apartment in the old town for 145,000.

Prices for house purchases in Tallinn are as follows:

135,000 for a 2 bedroom property
183,000 for a 3 bedroom property
278,000 for a 4 bedroom property

Prices for apartment purchases in Tallinn are as follows:

178,000 for a 1 bedroom property
209,000 for a 2 bedroom property
215,000 for a 3 bedroom property

Prices for weekly property letting in Tallinn are as follows:

355 for a 1 bedroom property
445 for a 2 bedroom property
604 for a 3 bedroom property

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