Authored by the expert who managed and guided the team behind the Estonia Property Pack
Everything you need to know before buying real estate is included in our Estonia Property Pack
Estonia's housing market in 2026 shows moderate growth with prices in Tallinn leading the way.
New apartments in Estonia cost significantly more per square meter than older panel buildings from the Soviet era.
We keep this article updated with the latest housing price data from Estonia so you always have fresh information.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Estonia.
Insights
- New-build apartments in Tallinn cost around 4,500 euros per square meter in 2026, which is roughly 60% more expensive than older secondary-market apartments at 2,900 euros per square meter.
- Estonia's housing prices grew about 5% from 2025 to 2026, but after accounting for inflation, real growth was closer to just 1% in the same period.
- Panel apartments in Lasnamäe, a large district in Tallinn, can still be found for around 120,000 euros in 2026, making them an entry point for budget-conscious buyers in Estonia's capital.
- Tallinn's premium neighborhoods like Kadriorg see apartment prices ranging from 300,000 to 700,000 euros in 2026, reflecting the strong demand for prestige locations near parks and embassies.
- Over the past ten years, Estonia's housing prices have roughly doubled in nominal terms, but quality upgrades and new energy-efficient buildings explain much of this increase beyond pure inflation.
- Transaction costs in Estonia add about 3% to 6% on top of the purchase price in 2026, with notary fees, land register charges, and bank appraisals making up most of these expenses.
- The gap between listing prices and actual sale prices in Estonia is typically around 6% in 2026, meaning sellers often price properties with built-in negotiation room for buyers.
- Kalamaja, a trendy neighborhood in Tallinn, attracts expats with renovated wooden-house apartments priced between 220,000 and 350,000 euros in 2026.
Fact-checked and reviewed by our local expert
Pawel Krok 🇪🇪
CEO and board member of EESTI CONSULTING OÜ
What is the average housing price in Estonia in 2026?
The median housing price gives you a better sense of what most people actually pay in Estonia in 2026, while the average can be skewed by a few very expensive luxury properties.
We are writing this in January 2026 using the latest data from authoritative sources like Statistics Estonia and Maa- ja Ruumiamet, which we manually double-checked for accuracy.
The median housing price in Estonia in 2026 is 125,000 euros (around 147,000 dollars or 125,000 euros). The average housing price in Estonia in 2026 is 155,000 euros (around 183,000 dollars or 155,000 euros).
About 80% of residential properties in Estonia in 2026 fall within the price range of 80,000 to 300,000 euros (around 94,000 to 354,000 dollars or 80,000 to 300,000 euros).
A realistic entry price range in Estonia in 2026 is 60,000 to 90,000 euros (around 71,000 to 106,000 dollars or 60,000 to 90,000 euros), and you can find 1-2 room apartments in older panel buildings in towns like Narva or small units in Tallinn that need renovation.
A typical luxury property in Estonia in 2026 ranges from 600,000 to 1,500,000 euros or more (around 707,000 to 1,770,000 dollars or 600,000 to 1,500,000 euros or more), and you can get large penthouses in Kadriorg or high-end renovated apartments in Tallinn's Old Town.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Estonia.
Are Estonia property listing prices close to the actual sale price in 2026?
The typical gap between listing prices and actual sale prices in Estonia in 2026 is around 6%, with listings usually priced higher than what buyers finally pay.
This happens because sellers in Estonia often build in negotiation space when setting their asking price, especially during slower market months. The gap can shrink to almost zero for highly desirable properties in prime Tallinn neighborhoods like Kadriorg, but it can widen in weaker regions where buyers have more leverage to negotiate based on property condition or financing constraints.
Get fresh and reliable information about the market in Estonia
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
What is the price per sq m or per sq ft for properties in Estonia in 2026?
As of early 2026, the median housing price in Estonia is around 2,900 euros per square meter (around 3,417 dollars per square meter or 2,900 euros per square meter) and about 269 euros per square foot (around 317 dollars per square foot or 269 euros per square foot). The average housing price in Estonia is around 4,500 euros per square meter (around 5,304 dollars per square meter or 4,500 euros per square meter) for new-build apartments and about 418 euros per square foot (around 492 dollars per square foot or 418 euros per square foot).
Small, renovated apartments in prime Tallinn locations like the city center, Kadriorg, or Kalamaja have the highest price per square meter in Estonia in 2026 because buyers pay a premium for walkability, prestige, and proximity to jobs and amenities, while larger units needing renovation in non-central panel districts or smaller towns have the lowest price per square meter.
You would find the highest price per square meter in Estonia in 2026 in neighborhoods like Kadriorg, Old Town, and Rotermann in Tallinn, with ranges around 4,500 to 7,500 euros per square meter. You would find the lowest price per square meter in areas like Lasnamäe and Mustamäe in Tallinn or in regional towns like Narva, with ranges around 1,900 to 2,500 euros per square meter.
How have property prices evolved in Estonia?
Housing prices in Estonia grew by about 5% from January 2025 to January 2026, mainly because financing conditions stabilized and buyers regained confidence after interest rates stopped rising. The shift toward new-build apartments in Tallinn also lifted average prices since new construction costs much more per square meter than older panel buildings.
Compared to two years ago in January 2024, housing prices in Estonia have risen by roughly 10% in nominal terms, driven by continued urban concentration in Tallinn and rising construction costs. However, when you account for inflation during this period, the real price increase is closer to 5% because inflation eroded some of the nominal gains.
By the way, we've written a blog article detailing the latest updates on property price variations in Estonia.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Estonia.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Estonia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
How do prices vary by housing type in Estonia in 2026?
The estimated breakdown in Estonia's housing market in 2026 is roughly 70% apartments, 25% houses (detached, semi-detached, or terraced), and 5% small private cottages or holiday homes, because Estonia's cities are very apartment-focused while houses are more common in suburbs and regional areas.
Older panel apartments from the Soviet era cost around 110,000 euros (around 130,000 dollars or 110,000 euros) in Estonia in January 2026, while renovated older apartments in good districts average about 170,000 euros (around 200,000 dollars or 170,000 euros). New-build apartments average around 260,000 euros (around 306,000 dollars or 260,000 euros), terraced or semi-detached homes cost about 320,000 euros (around 377,000 dollars or 320,000 euros), and detached houses in suburban Tallinn or Tartu average around 450,000 euros (around 530,000 dollars or 450,000 euros), with premium detached homes or waterfront properties starting at 800,000 euros (around 943,000 dollars or 800,000 euros) or more.
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Estonia in 2026?
New-build properties in Estonia in 2026 cost about 20% more per square meter than existing homes in Tallinn, based on the price gap between new construction and secondary-market apartments.
This premium exists because new-build apartments in Estonia offer better energy efficiency, lower running costs, modern layouts, and hassle-free condition with no immediate repairs needed, which makes buyers willing to pay significantly more for the convenience and long-term savings.
Buying real estate in Estonia can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
How do property prices vary by neighborhood in Estonia in 2026?
Kalamaja in northern Tallinn attracts expats and creative professionals with its trendy vibe and renovated wooden-house apartments plus newer waterfront developments, and prices in Kalamaja range from 220,000 to 350,000 euros (around 260,000 to 413,000 dollars or 220,000 to 350,000 euros) in January 2026 because of the neighborhood's walkability and cultural appeal.
Kadriorg in central Tallinn is a prestigious area near parks and embassies with historic buildings and premium renovations that appeal to diplomats and affluent buyers, and prices in Kadriorg range from 300,000 to 700,000 euros (around 354,000 to 825,000 dollars or 300,000 to 700,000 euros) in January 2026 because it offers both heritage charm and prime location.
Ülemiste City and its nearby areas on the edge of Lasnamäe and central Tallinn feature newer apartment developments aimed at professionals who value good commuting access to the airport and business districts, and prices in Ülemiste City range from 180,000 to 320,000 euros (around 212,000 to 377,000 dollars or 180,000 to 320,000 euros) in January 2026 because it balances modern living with convenience.
You will find a much more detailed analysis by areas in our property pack about Estonia. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Label | Average Price Range | Average per sq m | Average per sq ft |
|---|---|---|---|---|
| Kadriorg | Prestige / Expats | 300,000-700,000 euros 354,000-825,000 dollars |
4,800-7,500 euros 5,657-8,840 dollars |
446-697 euros 526-821 dollars |
| Old Town (Vanalinn) | Heritage / Premium | 280,000-650,000 euros 330,000-766,000 dollars |
4,500-7,000 euros 5,304-8,250 dollars |
418-650 euros 492-766 dollars |
| Kesklinn (center, other) | Commute / Urban | 200,000-450,000 euros 236,000-530,000 dollars |
3,600-5,800 euros 4,243-6,836 dollars |
334-539 euros 393-635 dollars |
| Kalamaja | Trendy / Expats | 220,000-350,000 euros 260,000-413,000 dollars |
3,800-5,800 euros 4,479-6,836 dollars |
353-539 euros 415-635 dollars |
| Rotermann / Harbor edge | New-build / Lifestyle | 250,000-600,000 euros 295,000-707,000 dollars |
4,200-7,000 euros 4,950-8,250 dollars |
390-650 euros 459-766 dollars |
| Pirita | Family / Waterfront | 250,000-700,000 euros 295,000-825,000 dollars |
3,500-6,000 euros 4,125-7,072 dollars |
325-557 euros 383-657 dollars |
| Kristiine | Family / Balanced | 170,000-320,000 euros 200,000-377,000 dollars |
2,800-4,200 euros 3,300-4,950 dollars |
260-390 euros 306-459 dollars |
| Nõmme | Family / Green | 220,000-600,000 euros 260,000-707,000 dollars |
2,900-4,800 euros 3,417-5,657 dollars |
269-446 euros 317-526 dollars |
| Haabersti | Family / Value | 140,000-280,000 euros 165,000-330,000 dollars |
2,400-3,700 euros 2,828-4,361 dollars |
223-344 euros 262-405 dollars |
| Mustamäe | Value / Commute | 120,000-240,000 euros 141,000-283,000 dollars |
2,200-3,400 euros 2,593-4,007 dollars |
204-316 euros 241-372 dollars |
| Lasnamäe | Entry / Value | 95,000-210,000 euros 112,000-248,000 dollars |
1,900-3,100 euros 2,239-3,654 dollars |
176-288 euros 208-340 dollars |
| Pelgulinn / Kopli (parts) | Improving / Mixed | 130,000-280,000 euros 153,000-330,000 dollars |
2,500-4,200 euros 2,946-4,950 dollars |
232-390 euros 275-459 dollars |
How much more do you pay for properties in Estonia when you include renovation work, taxes, and fees?
The estimated difference between the purchase price and the total cost for properties in Estonia in 2026 is around 3% to 6% for transaction and administrative costs alone, with renovation adding another 5% to 25% or more depending on the property's condition.
If you buy a property in Estonia for around 200,000 dollars (around 170,000 euros or 170,000 euros) in January 2026, you would typically pay about 7,000 to 10,000 dollars (around 6,000 to 8,500 euros) in notary fees, land register charges, and bank appraisal costs. You end up paying around 207,000 to 210,000 dollars total (around 176,000 to 178,500 euros) before any renovation, and if the apartment needs a light refresh at around 300 dollars per square meter, the total could rise to 225,000 dollars or more.
If you buy a property in Estonia for around 500,000 dollars (around 425,000 euros or 425,000 euros) in January 2026, you would typically pay about 20,000 to 25,000 dollars (around 17,000 to 21,000 euros) in notary fees, land register charges, bank appraisal, and related administrative costs. You end up paying around 520,000 to 525,000 dollars total (around 442,000 to 446,000 euros) before renovation, and if you choose to do a full renovation at around 1,000 dollars per square meter on a 1,000-square-foot apartment, you could add another 100,000 dollars, bringing the total to 625,000 dollars or more.
If you buy a property in Estonia for around 1,000,000 dollars (around 850,000 euros or 850,000 euros) in January 2026, you would typically pay about 40,000 to 50,000 dollars (around 34,000 to 42,500 euros) in notary fees, land register charges, bank appraisal, and administrative expenses. You end up paying around 1,040,000 to 1,050,000 dollars total (around 884,000 to 892,500 euros) before any renovation work, and luxury renovations at premium rates could easily add 150,000 to 300,000 dollars or more.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Estonia.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Estonia
| Expense | Type | Estimated Cost Range |
|---|---|---|
| Notary fee | Fee | 500-2,500 euros (590-2,950 dollars) Notary fees in Estonia scale with the transaction value and include VAT. Smaller transactions cost around 500 euros while larger deals can reach 2,500 euros or more. |
| Land register / state fees | Fee | 60-300 euros (70-350 dollars) These are government charges for registering the property transfer in Estonia's official land registry. The exact amount depends on the transaction size and specific services required. |
| Bank appraisal / valuation | Fee | 300-800 euros (350-945 dollars) If you are financing your purchase in Estonia, the bank will require a professional appraisal to confirm the property's market value before approving your mortgage. |
| Broker fee | Fee | 2%-5% of purchase price Real estate broker fees in Estonia are often paid by the seller, but in some cases buyers may need to contribute. The percentage varies based on the agreement and property type. |
| Translation and legal fees | Fee | 200-600 euros (236-707 dollars) Foreign buyers in Estonia may need document translations and legal assistance to navigate contracts and registry requirements, especially if they do not speak Estonian. |
| Renovation - light refresh | Renovation | 200-500 euros per sq m (236-589 dollars per sq m) A light renovation in Estonia might include repainting, updating fixtures, and minor cosmetic improvements. This level of work is common for older apartments that are structurally sound but need modernization. |
| Renovation - full overhaul | Renovation | 700-1,200 euros per sq m (825-1,414 dollars per sq m) A full renovation in Estonia involves gutting the interior, replacing plumbing and electrical systems, installing new kitchens and bathrooms, and often improving energy efficiency. This is typical for Soviet-era panel apartments. |
| Land tax (annual) | Tax | Varies by location and land value Estonia does not have a traditional property transfer tax, but property owners pay an annual land tax set by local municipalities. Tallinn and other cities publish their rates, which are based on the land value under the building. |
We made this infographic to show you how property prices in Estonia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Estonia in 2026 with different budgets?
With 100,000 dollars (around 85,000 euros or 85,000 euros) in Estonia in January 2026, you can find a 2-room apartment of about 45 square meters in Narva in an existing panel building, a studio or 1-room apartment of about 28-32 square meters in the outskirts of Pärnu that needs refreshing, or a small 1-room apartment of about 25-30 square meters in Tallinn's Lasnamäe district that likely needs renovation, though this budget is quite tight for Tallinn.
With 200,000 dollars (around 170,000 euros or 170,000 euros) in Estonia in January 2026, you can find a 2-room apartment of about 45-55 square meters in Tallinn's Mustamäe district in existing decent condition, a 2-room apartment of about 50 square meters in Tartu in a good everyday neighborhood, or a 1-2 room apartment of about 35-45 square meters in Tallinn's Kristiine district with a renovated kitchen and bathroom.
With 300,000 dollars (around 255,000 euros or 255,000 euros) in Estonia in January 2026, you can find a 2-room apartment of about 45-55 square meters in Tallinn's trendy Kalamaja neighborhood in a renovated wooden-house building, a new-build 1-2 bedroom apartment of about 40-50 square meters on the edge of Tallinn's city center, or a 2-room apartment of about 55-65 square meters in Tallinn's Pirita area in good condition.
With 500,000 dollars (around 425,000 euros or 425,000 euros) in Estonia in January 2026, you can find a renovated 3-room apartment of about 80-95 square meters in Tallinn's prestigious Kadriorg neighborhood, a detached or terraced family home of about 120-160 square meters in Tallinn's Nõmme district with a good plot, or a new-build 2-3 bedroom apartment of about 70-90 square meters in Tallinn's Rotermann or harbor edge area.
With 1,000,000 dollars (around 850,000 euros or 850,000 euros) in Estonia in January 2026, you can find a large premium apartment of about 140-180 square meters in Tallinn's Kadriorg with high-end renovation, a detached house of about 220-300 square meters in Tallinn's Pirita waterfront area in strong condition, or a unique historic apartment of about 160 square meters on the edge of Tallinn's Old Town with premium finishes.
With 2,000,000 dollars (around 1,700,000 euros or 1,700,000 euros) in Estonia in January 2026, this price range exists but it is a very thin market with few listings, and you can find a luxury detached house of about 350-500 square meters in Tallinn's Pirita waterfront area with top finishes, a trophy home or large luxury apartment of about 250 square meters or more in Kadriorg, or a one-of-a-kind penthouse in Tallinn's Old Town or exclusive new project with a large terrace and premium building.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Estonia.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Estonia, we always rely on the strongest methodology we can ... and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source Name | Why It's Authoritative | How We Used It |
|---|---|---|
| Statistics Estonia (Statistikaamet) | Statistics Estonia is the country's official statistics agency that publishes Estonia's dwelling price index based on actual household transactions. | We used this source to anchor the year-on-year and long-run direction of housing prices in Estonia. We also used its definitions to stay consistent with how dwelling transactions and price dynamics are measured. |
| Maa- ja Ruumiamet | Maa- ja Ruumiamet is a government body in Estonia that compiles market overviews from the official land registry and transaction database. | We used this source to ground our analysis in actual transaction reality rather than just advertising listings. We treated it as our gold standard reference point for market mechanics and index behavior. |
| ERR News | ERR is Estonia's public broadcaster and it clearly attributes housing market numbers to official statistics and verified market sources. | We used this source for concrete Tallinn transaction prices per square meter for new-build versus secondary-market apartments. We used those levels as sanity checks for our price ranges and examples. |
| Eurostat | Eurostat is the European Union's official statistics office and it standardizes housing price comparisons across member countries. | We used this source to keep our language aligned with how housing indices are described across Europe. We used it to cross-check that Estonia's recent trend fits the broader EU moderate growth backdrop. |
| European Central Bank (ECB) | The ECB is the euro area's central bank and it publishes the daily EUR/USD reference exchange rate used widely in financial reporting. | We used this source to convert euro prices into US dollars consistently throughout our analysis. We used the latest late-December 2025 reference point as the closest practical rate for January 2026. |
| Notary Chamber (Notarite Koda) | Notary fees in Estonia are set by law and this is the official notary portal explaining the fee structure. | We used this source to estimate closing costs that are not part of the property price itself. We used it to justify why costs scale with transaction value and why VAT matters for the notary bill. |
| Estonian Tax and Customs Board (EMTA) | EMTA is the official public body in Estonia that explains how land tax and other property-related taxes work. | We used this source to explain what ongoing property tax really means in Estonia, which is mostly land tax set locally. We used it to clarify that Estonia does not have a stamp duty like some other countries. |
| Tallinn City | Tallinn is Estonia's capital and largest city, and its official website explains how land tax is calculated and collected within the city. | We used this source to provide context on how land tax works in Tallinn specifically. We used it to help readers understand the main recurring property-related cost they would face. |
| Land Registry (RIK) | The Estonian Land Registry maintains the official database of all property transactions and ownership records in Estonia. | We used this source to understand the state fees involved in registering a property purchase. We used it to estimate the land register charges that buyers need to budget for. |
| Statistics Estonia Consumer Price Index | Statistics Estonia publishes the official consumer price index which tracks inflation across Estonia. | We used this source to calculate inflation-adjusted real price changes over time. We used it to separate nominal price growth from real purchasing power changes in Estonia's housing market. |
| Real estate portals and listings | Real estate portals aggregate current listings from sellers and brokers across Estonia. | We used these portals to cross-check our estimated price ranges against what buyers actually see in the market. We used them to validate our neighborhood-level price assumptions. |
| Local real estate broker reports | Estonian real estate brokers publish market reports based on their transaction experience and local knowledge. | We used broker reports to understand market dynamics like negotiation patterns and buyer preferences. We used them to validate our estimate of the gap between listing prices and actual sale prices. |
| Construction industry data | Construction cost data reflects the actual cost of building new properties in Estonia. | We used construction cost information to understand why new-build apartments command a premium over existing homes. We used it to estimate realistic renovation costs per square meter. |
| Bank lending reports | Estonian banks publish data on mortgage lending trends and property valuations. | We used bank reports to understand how financing conditions affect buyer behavior and price trends. We used them to validate our assumptions about transaction costs and appraisal fees. |
| Government housing policy documents | The Estonian government publishes policy papers and analyses on housing market trends and challenges. | We used government housing policy documents to understand long-term trends like urbanization and quality upgrades. We used them to contextualize why Tallinn dominates Estonia's housing market. |
| Urban planning and zoning data | Tallinn and other Estonian cities publish urban planning documents that affect housing supply and neighborhood development. | We used urban planning data to understand which neighborhoods are growing and attracting investment. We used it to explain why certain areas like Rotermann and Kalamaja command premium prices. |
| Energy efficiency certification data | Estonia requires energy performance certificates for property transactions which provide data on building efficiency. | We used energy efficiency data to explain why new-build apartments cost more and why buyers are willing to pay premiums. We used it to understand how running costs affect property values. |
| Demographic and migration statistics | Statistics Estonia publishes data on population movements and urban concentration trends. | We used demographic data to explain why Tallinn attracts more buyers and higher prices than regional cities. We used it to contextualize long-term price trends in Estonia. |
| Income and wage statistics | Statistics Estonia publishes data on average wages and income levels across different regions and sectors. | We used income data to understand purchasing power and affordability in Estonia's housing market. We used it to explain why certain neighborhoods attract specific buyer demographics. |
| EU housing market comparisons | European institutions publish comparative housing market data across member states. | We used EU comparison data to understand how Estonia's housing market fits into broader European trends. We used it to validate that our growth estimates are consistent with regional patterns. |
| Historical price index data | Long-term price index data from Statistics Estonia and other sources tracks how prices have evolved over decades. | We used historical data to calculate 10-year price changes in nominal and real terms. We used it to identify major turning points and long-term trends in Estonia's housing market. |
| Transaction volume statistics | Government sources publish data on the number of property transactions occurring in Estonia each quarter. | We used transaction volume data to understand market activity levels and buyer confidence. We used it to contextualize whether price changes reflect strong demand or limited supply. |
| Foreign buyer data | Estonian authorities track the share of property transactions involving foreign buyers. | We used foreign buyer data to understand expat demand patterns and which neighborhoods attract international buyers. We used it to explain why areas like Kalamaja and Kadriorg are popular with expats. |
Get the full checklist for your due diligence in Estonia
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.