Property Valuation: Estonia

Property valuation in Estonia

BNP Paribas Real Estate – Valuation is able to address the property valuation needs of clients for all property asset types in Estonia thanks to our local real estate expertise.

Understanding Estonian property value

Our valuers understand local market and rental values in the Estonian property market.

With a population of approximately 1.13 million*, Estonia consists of a mainland and over 2,200 islands in the Baltic Sea. Estonia is deeply integrated with the economies of its northern neighbours, as it shares a maritime border with both Sweden and Finland.

In 2014, Estonia established a Regional Development Strategy to improve regional entrepreneurship and employment, with a focus on linking rural and urban areas. The strategy has led to a number of urban development programs, including Spatial Plan Estonia 2030+, a project that aims to improve business environments in sparsely populated areas by incorporating multimodal transportation and renewable energy.

Estonia’s transportation infrastructure includes over 1,000 kilometres of railroads and 320 kilometres of navigable waterways connecting the country’s many islands. Whether you’re looking to value office, logistics, commercial, or hotel property assets, our valuers understand the importance of these elements in the valuation of your property in Estonia.

Property valuation in Estonian cities: Tallinn, Tartu City, Kohtla-jarve

Property valuation in Tallinn

The capital city of Tallinn has a population of 443,268 and is the largest city in Estonia. The city is a prime financial and educational centre and is often called the “Silicon Valley of Europe” because of its highly developed technology industry.

There are 2 main business districts in Tallinn dedicated to technology, making the city attractive for IT companies and start-ups. Tallinn is home to the Technopol, a business park offering 50,000 sq. m of leasable office and lab space for tech start-ups. Neighbouring Ulemiste City is a modern district that boasts more than 81,000 sq. m of modern office space as well as about 120,000 sq. m of manufacturing and warehouse space.

Occupier demand in Tallinn is expected to remain strong as a number of real estate development projects are delivered in 2018. In total, over 100,000 sq. m of new offices will be completed throughout 2018.**

**Source: BNPPRE Office Handbook 2017

Property valuation in Tartu

Tartu city is home to the University of Tartu and a large number of R&D facilities. More than 60% of total Estonian research is conducted in the city. In addition, the city’s proximity to Russia makes Tartu a popular trade city in the region.

Our team in Estonia :

BNP Paribas Real Estate – Valuation experts in Estonia have local market insights from our dedicated research and data analytics department. Our valuers can guide you in the valuation of all types of property assets depending on your project goals.

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