In an Estonian average, 5.7 years’ mean net wages have to be paid on a transaction with an apartment. In Harju County, wages are higher; however, real estate there is also the most expensive. As a result, far more – 7.4 years’ wages – has to be paid on an average transaction with an apartment…
Investing In Property
Following on from our article yesterday in which we outlined what you should do when letting out property in Estonia, here as promised is part two, in which we detail the ‘don’ts’… 1) Don’t wait to secure the highest rental rate possible. Profits can be washed out by the additional vacancy time; in addition, market…
Following hot on the heels of our recent posts on where to buy in Tallinn, Estonian real estate terminology getting lost in translation, and top tips when buying in Estonia, all of which we hope you’ve found helpful, we thought we’d continue on that trajectory. This time, the topic is letting out properties. So here…
Goodson & Red‘s Tallinn Property team is proud to announce that our new must-have guide “Why You Should Be Investing In Tallinn Real Estate – Your Essential Guide to the Tallinn Property Market” will be available in the next few days! This replaces our previous guide, the hugely successful “How to Profit From One of…
07 May: Statistics: 50 per cent of New Accomodation in Estonia is Made Up of 2 and 3 Room Apartments
According to a report on Tõnu Toompark’s Estonian Property Adaur blog, 50 per cent of new residential accomodation in Estonia consists of two and three room apartments. Tõnu bases his report on data from the Estonian statistics office. On the other hand, one room new apartments have diminshed in number, making up only six per…
We have just been putting the finishing touches to a fresh copy of our quarterly review of the Tallinn property market and the review. Our latest Tallinn Property and Rental Market Quarterly Review covers all developments in the third quarter of 2011, and as always the review contains a brief look at the Tallinn residential…
We just thought we’d like to blow our own trumpet for once! A recent article by Christopher Middleton in UK quality daily newspaper the Daily Telegraph about the 20 best locations for investing in overseas property, amongst places as far afield as Albania and the Shetlands, has cited Goodson and Red as first port of…
Positive changes in residential offer prices in Estonia as reflected in the kv.ee index are, despite positive forecasts, not apparent, with the index showing its lowest figure since the 2008-2010 crash, standing at 61.0 on 3 July, 2011, writes Tõnu Toompark on his adaur blog. This, however, does not represent a catastrophic drop; the figure…
The Estonian Tax and Customs Board sometimes seems to use unlawful measures to limit the taxpayer’s right to deduct value added tax (VAT), report Law Firm LEXTAL attorney-at-law Ants Karu and lawyer Margus Reiland. Obligation to pay VAT usually lies with the seller of goods (e.g. apartment ownerships or immovables). As a general rule the…
The time has come when talk of a rising real estate market is again on the agenda, and so it is perhaps fitting to have a little retrospective in order to understand what really happened in the Estonian real estate bubble, writes Tõnu Toompark on his adaur blog. Let’s imagine that the bubble is a…