Estonia

Presentation of country

Baltic country of 1.3 million inhabitants, at north east of EU. Capital: Tallinn with 445,000 people
Extremely well performing economy with unemployment rate of around 5% and revenue per capital which is one which is growing the most over last 5 years
Large specialization on IT and new tech business particularly among the skilled young professionals
Average salary around 1,550€ /month, which is close to West European standards
Very safe place to live, with high standards of living including environmental criteria. Surnamed as Switzerland of the Baltics or Singapour of the Baltics for those reasons

Estonia is probably one of the best in class within previously called «Eastern Europe» countries
GDP per capita increased from a level equivalent to 45% of European average to 90% of European average over the last 15 years
5 of the best education system in the world, including Japan
Highest rate of Internet use among the population
Highest rate of new start up creation per inhabitant in the world
GDP growth of 4.1% in 2019
Total debt /GDP ratio is around 18.2% vs. 116.3% in France. This number is the lowest in Europe

Real estate market boosted by demand on new apartments. Number of new constructions is 2 times higher than in West European cities
High demand in renting and in acquisitions (+20% over last 2 years for number of transactions and increase of rent of 10% over last year)
Price per sqm up by 17.3% in 2021
Half of acquisitions without bank financing and average living area per person is 24 sqm
Possibility to have access to financing at the level of 50% of the acquisition price for non residents investors
Still significant value creation potential in apartment value and in rental value

mcnetwork2022-04-25T16:12:19+02:00

mcnetwork2022-04-25T16:11:46+02:00