Quote:
Originally Posted by malachi
Hello everyone,
I am thinking of investing in property in Eastern Europe but am not sure which country to invest in. I have done some research on Estonia and came across a very useful buyers guide/report on the Estonian property market on Property in Estonia - Holiday Homes, Land, Apartments & Investment Properties in Estonia. Does anyone have any experience of this company, Property in Estonia, or any information about whether Tallinn and Estonia are good locations to buy apartments? I am interested in buying off-plan if possible. Are there any other good locations in Eastern Europe that I should be looking at?
Any advice/information greatly appreciated.
Thanks.
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You have missed the boat on Tallinn prices are already high and the Financial Times reported that they had dropped 10% in the last six months. Also places like Tallinn are suffering population declines so you have to wonder if demographics will give a negative outlook on this location in the long term.
Of course if you want to build a hotel and with tourism rising that is another matter.
There really is nothing that cheap E Europe any more - probably every market has doubled minimum in the last 3 - 4 years. USA may be worth looking at now with its very weak currency and significant declines in capital values although it may plateau for a couple of years.