The real estate market in Estonia has been seeing steady growth since the country achieved independence in 1991, and this growth in value experienced a boom in 2004 when the country gained accession to the EU. With property in the capital Tallinn seeing growth of around 12 percent in the last year and this predicted to rise in coming years it makes sense to invest now when prices are still relatively low. Other, more Southern regions have some people expecting values to more than double in the coming few years thanks to a number of factors – not least of which Estonia adopting the Euro as its official currency in 2007, which will help the economy no end. The Estonian Ministry of Foreign Affairs publish monthly updates on the state of the nation’s economy, which can be viewed online here:

http://www.vm.ee/eng/kat_131/

Estonia has always been one of the strongest of the former Soviet states, economically speaking, and though it has never been the richest of countries, it certainly hasn’t experienced any real financial worries and doesn’t look to any time soon. It is a stable country with incredibly reasonable prices for foreigners, a relatively simply real estate market, some beautiful natural and man made attractions and the potential for massive growth in coming years. The fact that the country is just gaining popularity with the British public – short breaks and stag parties in particular – show that it is a country begging for investment, and an off plan buyer could do a lot worse than putting their money into a country as forward-thinking and stable as Estonia. Now really is the time to invest.