Posts Tagged investments

Real Estate Property Investment Series: Focus Estonia 2007

Estonia is a relatively recent addition to the European Union having joined in 2004, and it is one of the most successful and affluent of the new members too. In just a few short years the Estonian government transformed theirs into a modern market economy and by 2007 Estonians’ per capita GDP, as measured using the purchasing power parity method, will be on a par with Portugal’s which sits at around 70% of the EU average…an impressive rise in economic fortunes in such a short period of time.

Contributing to the economic success of the nation is the fact that Estonia has an attractive flat tax rate, it has developed impressive electronics and telecommunications sectors and has strong trade links with some of the more affluent nations surrounding it such as Finland and some of the largest economies in mainland Europe such as Germany. The rise in economic fortunes of Estonia has seen unemployment halve in a few short years and as GDP has grown so has the mortgage market in Estonia – it has grown by 80% in actual fact.

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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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