Posts Tagged invest

Exceptional Investment Property Potential in Estonia

Property investors are targeting the tiny Eastern European country of Estonia with a vengeance because it offers massive and sustainable long term potential for profit and property price gains with real estate prices having already increased by as much as 30% in just three years.

The popularity of this breathtakingly beautiful country stems from many different points: firstly the country is an economic success story. Having escaped the domination of Soviet rule back in 1991 it has since established strong trade links with Finland, Sweden and Germany and now has a GDP growth rate of around 6% annually. Secondly the government of Estonia is committed to the promotion of foreign direct investment and to this end it offers some impressive tax breaks to companies who establish themselves in Estonia.

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Investing in the Baltic Tiger: What Has Estonia Got to Offer?

Estonia’s reputation is growing within the property investment market. Rising far above her new European neighbours in terms of infrastructure and growth, Estonia is fast becoming the Baltic’s very own ‘Tiger’ economy with a healthy growth rate of 5.5% in 2004. In fact, all the economic indicators are looking very positive with employment growing steadily last year in construction, transport and communications, areas that suggest a growing emphasis on attracting inward investment and a strong property development market.

All these factors have contributed to Estonia being ranked 28th in the IMD’s “World Competitiveness Yearbook” of 2004 and 6th place in the Heritage Foundation’s “Index of Economic Freedom” of 2004. The rankings are a further affirmation of Estonia’s positive economic development, which stands in contrast to many European states, which are now experiencing economic slowdowns.

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Tallinn, Estonia – A Great Place To Visit For Business Or Vacation!

Tallinn, the capital of Estonia, is well known for her fully preserved medieval Old Town and a pulsating nightlife. Recently many stylish places for eating and drinking have sprung up in Tallinn, many of them offering decent quality food, and it is not hard to find a place for dancing. Those who travel out of the city will get acquainted with our beautiful countryside (for instance, Estonia is known as the land of 1000 islands), the long seashore, the picturesque Baltic German manor houses etc.
And there are not many cities whose face is designed by the 21st century rather than the 18th or 19th.

Situation

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Property in Estonia – Guide to Buying a Property in Estonia

Overview

On first blush, many investors who are interested in putting money in foreign real estate might flip past Estonia without giving it any thought. Indeed, historically Estonia has not been a country in which foreign nationals have been active in the real estate market. In point of fact, for a significant portion of the history of Estonia, foreign ownership of real estate was prohibited for tightly and highly regulated.

Of course, one of the primary reasons that foreign investors have not been active in the Estonian real estate market historically is the fact that through much of its history, Estonia has been occupied or controlled by other nations.

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