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Estonia: House Prices, Rents, and Rental Yields

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Last Updated: Nov 20, 2006

Yields are moderate at 6% in Tallinn

Last Updated: Nov. 20, 2006
TALLINN CITY Centre - Apartments 1 COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
30 sq. m. 66,000 350 6.36% 2,200 11.70
50 sq. m. 134,000 550 4.93% 2,680 11.00
75 sq. m. 188,500 830 5.28% 2,513 11.10
100 sq. m. 250,000 1,200 5.76% 2,500 12.00
150 sq. m. 340,000 1,850 6.53% 2,267 12.30
TALLINN Suburbs - Apartments 2
30 sq. m. 52,000 n.a. n.a. 1,733 n.a.
50 sq. m. 80,000 n.a. n.a. 1,600 n.a.
75 sq. m. 143,000 n.a. n.a. 1,907 n.a.
100 sq. m. 340,000 n.a. n.a. 3,400 n.a.
TALLINN Suburbs - Houses with grounds 2
150+ sq. m. 215,000 n.a. n.a. 1,433 n.a.
250+ sq. m. 266,000 n.a. n.a. 1,064 n.a.
400+ sq. m. 490,000 n.a. n.a. 1,225 n.a
1 Kesklinn, Vanalinn, Lasnamae, Mustamae
2 Nomme, Pirita, Pohja Tallinn, Haabersti, Kristiine
Source: Global Property Guide

Rents have remained stable for several years with average rents for a furnished apartment €11 - €12.3 per sq. m. per month. The most popular area is in and around the old town at a 5 to 10 - minute walking distance from the centre.

However, static rents combined with rocketing prices are lowering rental yields. The 20% yields of the beginning of the decade are now down to 6%, and further falls can be expected.

   

 

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