|Last Updated: Jul. 12, 2015|
|TALLINN - Apartments||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|40 sq. m.||72,840||384||6.32%||1,821||9.59|
|70 sq. m.||139,160||643||5.55%||1,988||9.19|
|120 sq. m.||261,000||1,145||5.26%||2,175||9.54|
| Districts researched
Tallinn: Kesklinn, Kristiine, Nõmme, Pirita and Vanalinn
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Rental yields have risen this past year in Tallinn, the capital of Estonia.
A 40 sq.m. apartment costs around EUR 1,800 per sq. m. (EUR 169 per sq. ft.) while a 120 sq. m. apartment costs around EUR 2,200 per sq. m. (EUR 206 per sq. ft.).
Renting costs, on average, EUR 384 for a 40 sq. m. apartment per month, whereas for a 120 sq. m. apartment (1,291 sq. ft.), monthly rents are around EUR 1,145. Average rents per sq. m. are around EUR 9.4 per month.
Gross rental yields from apartments in Tallinn are moderate, ranging from 5.3% to 6.3%. Smaller apartments tend to earn higher rental returns. A 40 sq. m. apartment has moderate to good rental yields at 6.3%, whereas a 120 sq. m. apartment earns somewhat poorer rental yields at 5.3%.
Round-trip transaction costs on residential property in Tallinn are low.
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