Overview
On first blush, many investors who are interested in putting money in foreign real estate might flip past Estonia without giving it any thought. Indeed, historically Estonia has not been a country in which foreign nationals have been active in the real estate market. In point of fact, for a significant portion of the history of Estonia, foreign ownership of real estate was prohibited for tightly and highly regulated.
Of course, one of the primary reasons that foreign investors have not been active in the Estonian real estate market historically is the fact that through much of its history, Estonia has been occupied or controlled by other nations.
Over the course of the past decade, as Estonia has gained its independence, the government has worked to liberalize the laws governing the ownership and sales of real estate in that country. This has included opening the door wider to more foreign investment in real estate in Estonia.
While there has not been a rush of foreign nationals buying real estate in Estonia as of this point in time, there is a steady stream of these people buying real estate in different locations in Estonia. Industry analysts believe that the number of people who will invest in Estonian real estate should continue to increase at a steady, but not flooding, pace.
Investment Real Estate
As referenced previously, historically Estonia has not been a country that attracted a great deal of foreign investment in real estate.
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