Investment property in Estonia: what to buy and what it costs

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Updated 23 October 2026

For sale · Tartu, Annelinn district

Two-room apartment in Annelinn district

$101,000 (90,100 euros)

50 m² · 2 rooms

A 50 m² two-room apartment - a living room and a bedroom, a kitchen and a balcony in Annelinn on the right bank of the Emajõgi in eastern Tartu, with buses to the centre and the university in 10-15 minutes, schools and shops. Tartu is Estonia's second city, where one resident in six is connected with the University of Tartu, and apartments here are rented by students, lecturers and young families.

The most affordable entry

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For sale · Tallinn, Mustakivi district

Two-room apartment in Mustakivi district

$123,000 (110,000 euros)

51 m² · 2 rooms

A 51 m² two-room apartment - a living room and a bedroom, a kitchen and a balcony in Mustakivi in eastern Lasnamäe, with buses to the centre of Tallinn, schools, kindergartens and shopping centres. Lasnamäe is the largest district of the capital, home to more than 100,000 people, and two-room apartments here are rented all year round by families and young professionals.

The capital's largest district

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For sale · Tartu, Jaamamõisa district

Two-room apartment in Jaamamõisa district

$124,000 (111,000 euros)

47 m² · 2 rooms

A 47 m² two-room apartment - a living room and a bedroom, a kitchen and a balcony in Jaamamõisa in north-western Tartu, with buses to the centre and the university, a school and shops. Jaamamõisa is a quiet residential district by the railway, and apartments here are rented by students, university staff and families.

For letting to students

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For sale · Tallinn, Mustamäe district

Two-room apartment in Mustamäe district

$125,000 (112,000 euros)

47 m² · 2 rooms

A 47 m² two-room apartment - a living room and a bedroom, a kitchen and a balcony in Mustamäe in south-western Tallinn, next to the Tallinn University of Technology campus and the North Estonia Medical Centre, with buses to the centre, schools and shops. Apartments here are rented by students, lecturers and doctors.

Next to the university

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For sale · Tallinn, Laagna district

Two-room apartment in Laagna district

$128,000 (114,000 euros)

52 m² · 2 rooms

A 52 m² two-room apartment - a living room and a bedroom, a kitchen and a balcony in Laagna in the middle of Lasnamäe, with buses to the centre of Tallinn along Laagna Road, schools and shops. The buildings here date from the 1980s, and apartments are rented by families and office staff working in the centre and in Ülemiste.

For long-term letting

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For sale · Tallinn, Pelguranna district

Two-room apartment in Pelguranna district

$130,000 (116,000 euros)

45 m² · 2 rooms

A 45 m² two-room apartment - a living room and a bedroom, a kitchen and a balcony in Pelguranna in Põhja-Tallinn, a few minutes from Stroomi beach, with buses to the centre and Kalamaja, schools and shops. Small apartments here are rented by young professionals working in the centre and in the creative quarters of Kalamaja.

Near Stroomi beach

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For sale · Tallinn, Väike-Õismäe district

Two-room apartment in Väike-Õismäe district

$138,000 (123,000 euros)

53 m² · 2 rooms

A 53 m² two-room apartment - a living room and a bedroom, a kitchen and a balcony in Väike-Õismäe in western Tallinn, built in the 1970s as a ring around a pond, with buses to the centre, schools, kindergartens and shopping centres. Apartments here are rented by families with children.

For letting to families

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For sale · Tallinn, Järve district

Two-room apartment in Järve district

$152,000 (136,000 euros)

46 m² · 2 rooms

A 46 m² two-room apartment - a living room and a bedroom, a kitchen and a balcony in Järve in Kristiine, with trains and buses to the centre of Tallinn in 10-15 minutes, schools and shopping centres. Kristiine is a district next to the centre, and apartments here are rented by office staff and young professionals.

Close to the centre

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Want to buy property abroad? A manager will select properties for your budget and check the deal before registration. Find a property

What properties investors buy in Estonia

Above are the most interesting offers selected by our experts. The manager will find a property that fits your requirements.

Apartments for sale in Tallinn and Tartu, prices by city and district, rental yield, taxes, transaction costs and the purchase rules for foreigners.

A foreigner from any country buys an apartment in Estonia without permits and on the same terms as Estonians, and there is no purchase tax. According to the Estonian Land and Spatial Development Board, in 2025 apartments in Tallinn sold for an average of $3,170 per m², in Tartu for $2,650 and in Pärnu for $2,390, while across the country the price per m² rose by 7.4% over the year. A two-room apartment in Tartu can be bought for $101,000, in Tallinn for $123,000, and long-term letting brings from 4.5% to 5.7% a year before tax.

On this page: two-room apartments in six districts of Tallinn and two districts of Tartu, prices by city and district, rental yield, taxes, transaction costs and the purchase rules. In Estonia the living room counts as a room: a two-room apartment is a living room and a bedroom with a separate kitchen. The contract is signed only before a notary, and the notary fee and the state fee for the land register entry together usually stay within 1% of the price. The manager will confirm what is for sale today and the exact price.

The market in brief

Market entryfrom $101,000 (two-room apartment in Tartu)

Average apartment price in Tallinnabout $3,170 per m² (2025)

Rental yieldfrom 4.5% to 5.7% a year before tax, in Tallinn 5.1-5.7%

Buying rulesapartments - without restrictions or permits for citizens of any country

Purchase costsno purchase tax, the notary and the state fee - usually within 1% of the price

Prices and rules as of 2026.

How much an apartment in Estonia costs in 2026

Housing prices in Estonia are quoted in euros. According to the Estonian Land and Spatial Development Board, in 2025 the most expensive apartments in Tallinn were in the centre - an average of $4,050 per m², in Kristiine $3,610, in Haabersti and Põhja-Tallinn about $3,450, and in Mustamäe and Lasnamäe $2,730 and $2,600. In Tartu an apartment costs an average of $2,650 per m², in Pärnu $2,390 and in Kuressaare $1,850. In Tallinn prices barely changed over the year, in Pärnu they rose by 5.0%, in Kuressaare by 17.8%, and across the country the price per m² rose by 7.4%.

City or district	Average apartment price per m²	Price change over the year
Tallinn, centre	~$4,050	+1.5%
Tallinn, Kristiine	~$3,610	+4.9%
Tallinn, Haabersti	~$3,450	-4.8%
Tallinn, Põhja-Tallinn	~$3,440	-4.6%
Tallinn, whole city	~$3,170	-0.5%
Tallinn, Nõmme	~$3,030	+3.2%
Tallinn, Mustamäe	~$2,730	-0.4%
Tartu	~$2,650	-0.4%
Tallinn, Lasnamäe	~$2,600	+2.7%
Pärnu	~$2,390	+5.0%
Kuressaare	~$1,850	+17.8%
Viljandi	~$1,510	+4.7%
All of Estonia	~$2,460	+7.4%

Estonian Land and Spatial Development Board data on median apartment transaction prices for 2025, including new builds; «Price change over the year» is the change against 2024. Euros converted at the European Central Bank rate of 1.1205 dollars per euro on 22 October 2026, dollars rounded.

What yield letting brings

The gross yield of long-term letting is from 4.5% to 5.7% a year before tax: highest in Lasnamäe in Tallinn and in Annelinn in Tartu, where a square metre is cheaper. According to our data on the Estonian market for 2026, a two-room apartment in the residential districts of Tallinn lets for $450-620 a month, in the centre for $650-950, and in Tartu rent is about a fifth lower than in Tallinn. A 51 m² apartment in Mustakivi lets for about $580 a month, a 47 m² one in Mustamäe for $560, and a 50 m² one in Annelinn for $480. Apartments near the Tallinn University of Technology and the University of Tartu are rented by students and lecturers, those in residential districts by families and young professionals.

Tax	Rate
Long-term letting	22% of the rent, including for a non-resident
Selling the apartment	22% of the gain - the sale price minus the costs of purchase, improvements and sale
Annual	land tax at the municipality's rate on the value of the land, for an apartment - on its share of the plot under the building; there is no tax on buildings

Data for 2026: yield for the cities in the cards; the country comparison is in the rental yield table.

A non-resident also pays tax on rent in Estonia, and the taxes of your own country are counted separately. The land tax relief applies only to an owner whose apartment is registered as their place of residence in the population register. Rates and examples are on the taxes in Estonia page.

What costs to add to the property price

Payment	Amount
Purchase tax	none; new builds are sold by developers with 24% VAT in the price
Notary and land register	the notary fee at the statutory rates and the state fee for entering the new owner - together usually within 1% of the price
Broker	the commission is usually paid by the seller under their agreement with the broker
Documents	a power of attorney with an apostille and translation if you sign the contract outside Estonia; with a mortgage - a valuation of the apartment and the mortgage entry

Data for 2026. For a $125,000 apartment in Mustamäe the notary fee and the state fee come to no more than $1,250; the lawyer, document translation and bank transfer fees are paid separately. The manager calculates the total for a specific property.

In Estonia the land register and the register of construction works are checked before the contract

Mistakes cost more than the deal: a mortgage or third-party rights of use in the land register, a redevelopment not entered in the register of construction works, a power of attorney without an apostille and translation, money whose source the notary or the bank did not accept. Murblz support removes these risks: we select an apartment for your budget and goal, check the property in the registers, calculate fees, tax and yield, prepare the power of attorney and the documents on funds and handle the deal before the notary until the title is entered in your name.

The cost of support depends on the purchase budget and the goal - letting or a home for yourself; the manager will calculate it in the chat.

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Buying an apartment without restrictions on citizenship

A foreigner from any country buys an apartment, a house or commercial premises in Estonia on the same terms as Estonians, without permits; a municipal permit is needed only for agricultural and forest land for citizens of countries outside the European Economic Area and the OECD. The contract is valid only in notarial form, the money usually goes through the notary's deposit account, and the title passes with the entry in the land register. Before the deal we check the land register extract - the owner, mortgages, rights of use and easements - and compare the floor plan with the register of construction works.

Buying an apartment does not give a residence permit: Estonia has no residence-by-property programme, and e-residency is a digital ID for business, not a right to live in the country. The contract can be signed by power of attorney without travelling to Estonia, and the notary and the bank check the source of funds, so we agree the payment route before the contract. The conditions for moving are on the residence in Estonia page, and the manager will send a selection of apartments for your goal to the chat.

How we select a property

Budget and goal: letting or a home for yourself. The manager confirms the city and the district - Tallinn, Tartu or Pärnu.
Buyer documents: passport, proof of the source of funds and a power of attorney with an apostille and translation if you sign the contract outside Estonia.
A selection of real properties and checks: the land register extract, mortgages, rights of use and easements, the floor plan and the register of construction works - before the contract.
The deal: the sale contract before a notary, payment through the notary's deposit account, the entry of the title in the land register and the transfer of utility contracts.

The manager sends the selection to the chat, with sellers' prices on the date of the selection.

Get a selection of properties

Options in other countries

Investment property in other countries:

FAQ

How much does an apartment in Estonia cost in 2026?

A two-room apartment in Tartu costs from $101,000, in Lasnamäe in Tallinn $123,000, in Mustamäe $125,000 and in Kristiine $152,000. In 2025 apartments in Tallinn sold for an average of $3,170 per m², in Tartu for $2,650.

Can a foreigner buy an apartment in Estonia?

Yes, without restrictions or permits, on the same terms as Estonians. A municipal permit is needed only for agricultural and forest land for citizens of countries outside the European Economic Area and the OECD.

Does buying property give residence in Estonia?

Buying does not give a residence permit, and Estonia has no residence-by-property programme. Status is obtained through work, study, business or family, and an apartment for letting is bought without moving.

What yield does letting an apartment in Estonia bring?

From 4.5% to 5.7% a year before tax, in the residential districts of Tallinn 5.1-5.7%. Rent is taxed at 22%, including for non-residents.

What tax is paid when buying property in Estonia?

Estonia has no purchase or transfer tax. The buyer pays the notary fee and the state fee for the land register entry, and new builds are sold with 24% VAT in the price.

What are the costs of buying property in Estonia?

The notary fee and the state fee - together usually within 1% of the price, a power of attorney with an apostille and translation, a lawyer. The broker's commission is usually paid by the seller. For a $125,000 apartment in Mustamäe the fees come to no more than $1,250.

Is there a property tax in Estonia?

Estonia has no tax on buildings. The owner pays land tax at the municipality's rate on the share of the plot under the building, usually a small amount.

Where to buy an apartment for investment in Estonia?

Tartu - for market entry from $101,000: apartments here are rented by university students and lecturers. Lasnamäe and Mustamäe in Tallinn - for letting on the country's largest market with a yield of 5.4-5.7%.

Investment property in Estonia: what to buy and what it costs

Two-room apartment in Annelinn district

Two-room apartment in Mustakivi district

Two-room apartment in Jaamamõisa district

Two-room apartment in Mustamäe district

Two-room apartment in Laagna district

Two-room apartment in Pelguranna district

Two-room apartment in Väike-Õismäe district

Two-room apartment in Järve district

What properties investors buy in Estonia

How much an apartment in Estonia costs in 2026

What yield letting brings

What costs to add to the property price

Buying an apartment without restrictions on citizenship

How we select a property

Options in other countries

FAQ

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