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Buying Property

Buying a property in Estonia is straightforward and a relatively speedy process, and there are plenty of properties to choose from.

Non-residents and foreign companies are allowed to buy property in Estonia on the same terms as residents. A sale-purchase agreement has to be concluded and notarized, upon completion of which often a purchase deposit of 10% is required. The transfer of title is normally completed at the same time, after which stamp duty has to be paid and the official registration is completed. A notarized application to the Land Register is needed to transfer the ownership to the buyer and this makes the title legally valid. The whole process normally takes about 65 days but may be less, making buying property in Estonia quick and simple. The fees applicable will be the real estate agent’s fee, notary fee and stamp duty.

The Chamber of Notaries of the Republic of Estonia, member of the International Union of Latin Notaries, has a list of 93 notaries available for help with notarized applications.

If you’re not from the EU or EEA, or your company that is a party to the deal is registered outside the EU and EEA, you’re allowed to buy a house or plot of land with the permission of the local authorities. In most cases, there are no restrictions on buying apartments.

For buying, the best place to start your search is in the real estate websites like www.kv.ee, www.city24.ee and www.kuldnebors.ee that are also available in English.

If you’re not so self-reliant, you can use real estate agency services; some of the major ones are Pindi, Rime, Uusmaa, and Domus.