Owning a home in Estonia is a big deal. It's a moment filled with joy for many. But as with any big decision, there are things homeowners wished they’d known beforehand. In the world of real estate, we look at common homeowner regrets and provide simple insights to make the most out of your home-buying journey.The Forgotten CostsSome homeowners regret…
In Estonia, the acceptance of an inheritance involves a legal process that includes several steps. Here is a general overview of the procedure:Notification of Death:If you become aware of the death, you should notify the local government registry office (Population Register) about the death. This can usually be done at the local municipality office where the deceased person was registered. …
So, you've found the perfect property in Estonia, and the excitement is kicking in. To make your move easy, we've put together a simple checklist just for your new real estate journey. You're in good hands.Coordinate with Your Real Estate AgentPartnering with a reliable real estate agent is the key to a seamless move. Discuss schedules, make sure all paperwork…
I start with basic calculation as in 2022 and build up to 2023 so for the verdict scroll down Buying a property in Tallinn:Home Price: Let's assume the average home price in Tallinn is €200,000.Down Payment: A common down payment is around 20%, so that would be €40,000.Mortgage Rate: Assuming a mortgage rate of 2% (roughly the rate in 2022 in…
1 Pricing the short term rental : According to AirDNA's market data for 2021, the average daily rate (ADR) for short-term rentals in Tallinn is approximately 84 EUR per night. However, the ADR can vary significantly depending on the location, size, and amenities of the rental.In general, the most profitable price range for short-term rentals in Tallinn is around 70-120 EUR…
There are several easy and cost-efficient ways to increase the resale value of a property through renovation. Here are some options:1.Paint: Painting is one of the easiest and most cost-effective ways to give your property a fresh look. Choose neutral colors that appeal to a broad range of buyers.2.Flooring: Upgrading the flooring can also have a significant impact on the…
When applying for a property loan in Estonia, there are some key factors to keep in mind. Firstly, to be eligible for a loan, you must be at least 18 years old and have a regular source of income. Additionally, Estonian banks typically require a down payment of at least 15% of the property's purchase price.By using a KredEx guarantee,…
Real Estate Investment Trusts (REITs): In Estonia, there are several REITs listed on the Tallinn Stock Exchange, including EfTEN Real Estate Fund III and Baltic Horizon Fund. These REITs invest in a diversified portfolio of income-generating properties such as office buildings, shopping centers, and rental apartments.Real Estate Crowdfunding: One example of a real estate crowdfunding platform in Estonia is EstateGuru…
Here are the benefits to taking a buyer's broker when planning to purchase a property in Estonia:Access to a wider range of properties: A buyer's broker can provide access to a wider range of properties that meet your specific criteria, including those that may not be listed on public real estate websites.Negotiation: A buyer's broker can negotiate on your behalf…
When choosing between a big or small real estate agency in Estonia, it's important to consider several key differences. Big agencies generally have more resources, including a larger team of agents, more advanced technology, and a broader network of contacts. But since the structure of those agencies is such that at the end you are dealing with a single broker…
Brokerly team members have over 20 years of experience in the real estate business in Estonia We know what are the most pressing bottlenecks in the work of a broker, and we know how to offer solutions that leave real estate brokers with nothing but joy in their work. Satisfaction with working life will definitely lead to better work results!