Yields rising in Talinn, Estonia

Last Updated: Oct. 08, 2022
TALLINN (combined) - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Tallinn (combined)
Studio €92,000 €450 5.87%
1-Bedroom €169,000 €670 4.76%
3-Bedroom €229,000 €950 4.98%
3+Bedroom €335,900 €1,300 4.64%
Tallinn (combined) avg. rental yields 5.06%
TALLINN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
City Center
Studio €137,000 €480 4.20%
1-Bedroom €199,900 €740 4.44%
2-Bedroom €295,000 €1,100 4.47%
3+Bedroom €387,450 €1,300 4.03%
Põhja-Tallinn
Studio €96,500 €425 5.28%
1-Bedroom €136,900 €690 6.05%
2-Bedroom €249,000 €1,100 5.30%
3+Bedroom €432,450 €1,350 3.75%
Mustamäe
Studio €89,900 €388 5.18%
1-Bedroom €131,500 €600 5.48%
2-Bedroom €165,000 €738 5.37%
Tallinn avg. rental yields 4.87%
TARTU - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Tartu (all locations)
Studio €74,900 €350 5.61%
1-Bedroom €128,000 €520 4.88%
2-Bedroom €171,000 €665 4.67%
3+Bedroom €225,950 €1,200 6.37%
Tartu avg. rental yields 5.38%
PÄRNU - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Pärnu (all locations)
Studio €93,900 €320 4.09%
1-Bedroom €120,000 €390 3.90%
2-Bedroom €169,400 €500 3.54%
3+Bedroom €199,000 €540 3.26%
Pärnu avg. rental yields 3.70%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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Gross rental yields in Tallinn, Estonia - the return earned on the purchase price of a rental property, before taxation, vacancy costs, and other costs - are quite attractive, significantly higher than they were five years ago (our research suggests that they have risen over the past year). Gross rental yields are an important consideration even for those who do not intend to become landlords because a high rental yield indicates that the property market is reasonably priced.

Gross rental yields on apartments in Tallinn range from 4.2% to 6.05%. These rising yields are despite the fact that house prices in Tallinn continue to rise.  They remain however very reasonable at between EUR 131,500 to EUR 295,000 for a two-bedroom apartment.

Round-trip transaction costs on residential property in Tallinn (i.e. the costs of buying and selling the property are low.  See our round trip transaction costs (i.e. buy/sell costs) of buying a property in Estonia and property transaction costs in Estonia compared to the continent.

Round-trip transaction costs on residential property in Tallinn are low.