Estonia Property Investment For Sale
"Estonian market has bounced back once again."
One of the Baltic States, alongside Latvia and Lithuania, Estonia has seen dramatic changes in its fortunes since being released from Soviet rule in the 1990’s. As a member of the European Union since 2004 and the World Trade Organisation, Estonia has grown into a modern market economy with one of the highest per capita incomes in Central Europe.
The government has aggressively promoted a free market and pro-business economy with a well balanced budget and strong electronics and telecommunication industries and good trading links with Finland, Sweden, Germany and Russia.
After dramatic growth in its property market at the beginning of the millennium, Estonia then suffered a severe property market crash at the end of that decade which affected the whole economy and unemployment rose dramatically.
The market has once again recovered and now is going from strength to strength with dropping unemployment figures and one of the highest GDP growth rates in Europe. In fact Estonia has the lowest government debt to GDP ratio in the EU, is the richest of the Baltic States and was the first country to adopt the euro (in 2011) after the international financial crisis.