Estonia real estate market — prices, rental yield and trend

• Average price: $3,946 / m²
• Gross rental yield: 3.98%
• 12-month price change (USD): 2%
• Net rental yield: 3.28%
• Transaction cost: 0.52%
• Price basis: national average

Residential property in Estonia averages $3,946 per square metre. In dollar terms the market has barely moved over the last twelve months (+2%). That makes it the 111th most expensive of the 264 markets in the set.

What a buyer pays in Estonia

The $3,946 figure is a national average across all residential property types, which flattens a wide spread — the capital typically runs far above it and small towns far below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 0.5% of the price here. On a 100 m² apartment at the average price that is roughly $2,052 on top of the $394,605 purchase price. That is below the 9.6% median across the set, which shortens the time it takes for a purchase to break even. Of that, the transfer tax alone is 0%; the rest is notary, registration and agency fees.

What it earns

A square metre lets for about $13.1 a month. Against a purchase price of $3,946 per square metre that is 4% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 242nd of 311 markets by gross yield. Rental income is taxed at 17.6%, which takes the yield down to 3.3% net. The 0.7-point difference between the gross and net figure is the part most listing sites leave out. On the way out there is a third tax: a non-resident seller pays 22% on the gain.

How the tax works. Non-residents pay 22% income tax on Estonian rental income after a flat 20% deduction that needs no receipts, i.e. 17.6% of gross rent (22% may be withheld on the gross payment; the deduction is reclaimed by filing a return). Source: Global Property Guide Estonia taxes and costs (last update Sep 2026).

How this figure is built

The price figure for Estonia is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: Numbeo Estonia [https://www.numbeo.com/cost-of-living/country_result.jsp?country=Estonia&displayCurrency=USD]; Eurostat prc_hpi_q RCH_A EE [https://ec.europa.eu/eurostat/api/dissemination/statistics/1.0/data/prc_hpi_q?format=JSON&purchase=TOTAL&unit=RCH_A&sinceTimePeriod=2025-Q3&lang=en&geo=EE]; Statistics Estonia Q1 2026 release [https://stat.ee/en/news/dwelling-price-index-92-first-quarter]; FX ECB 2026-10-15; GPG taxes and costs [https://www.globalpropertyguide.com/europe/estonia/taxes-and-costs]. Snapshot: 2026-10-17.