Real Estate in Tartu, Estonia
Last updated on Jan 14, 2024
Summary: The average cost of a nice 2 bedroom home in Tartu, Estonia is around €150,000, while a nice 3 bedroom home is around €200,000. These properties typically include modern amenities such as central heating, air conditioning, and modern appliances. Most homes also have a balcony or terrace, and some may have a garden. There are no restrictions on foreign ownership for properties in Tartu. Expats should search for a home to buy in Tartu by using online real estate portals such as Zillow or Trulia, or by contacting a local real estate agent. The most desirable neighborhoods in Tartu are the city center, the Old Town, and the University area. These areas are close to amenities such as shops, restaurants, and public transportation.
How do I find a place to live in Tartu?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Tartu is to search online for rental listings. There are many websites that offer listings for apartments, houses, and other types of accommodation in Tartu. Additionally, you can also search for rental listings on social media platforms such as Facebook and Instagram. Additionally, you can also contact local real estate agents who can help you find a suitable place to live in Tartu. Finally, you can also ask around in the local community for recommendations on places to rent," said one person in Tartu.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Tartu?
"Expat homes and apartments in Tartu are typically modern and comfortable. Many of the apartments are located in the city center, close to shops, restaurants, and other amenities. The apartments are usually well-equipped with modern appliances and furnishings, and often have balconies or terraces with views of the city. Expats can also find larger homes in the suburbs, with gardens and plenty of space for families," remarked one foreigner who made the move to Tartu.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Tartu?
If you are thinking about moving to Tartu, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Tartu is generally quite reasonable. Rent prices for apartments in the city center tend to be higher than those in the suburbs, but overall the cost of living in Tartu is quite affordable. Prices for one-bedroom apartments in the city center range from around €400 to €700 per month, while two-bedroom apartments can cost up to €900 per month. In the suburbs, prices are usually lower, with one-bedroom apartments ranging from €300 to €500 per month and two-bedroom apartments costing up to €700 per month," said one person in Tartu.
Should I buy or rent a home in Tartu?
If you have not spent a lot of time in Tartu, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Tartu can be a great investment. The city is known for its vibrant culture, excellent education system, and low cost of living. Renting a home in Tartu can also be a great option, as it allows you to experience the city without the long-term commitment of buying a home. Ultimately, the decision to buy or rent a home in Tartu depends on your individual needs and preferences," remarked one member in Tartu.
What do I need to know when buying property in Tartu?
When we asked expats what advice they would give a foreigner before buying a property in Tartu, they said:
"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the legal requirements for purchasing property in Estonia, including any taxes or fees that may be applicable. 3. It is important to have a clear understanding of the local infrastructure and amenities in the area, such as public transportation, schools, and healthcare facilities. 4. It is important to have a clear understanding of the local rental market, as this can be a great way to generate income from your property. 5. It is important to have a clear understanding of the local banking system and the availability of financing options for purchasing property. 6. It is important to have a clear understanding of the local real estate market and the availability of professional real estate agents who can help you with the purchase process," explained one person living in Tartu, Estonia.
Are foreigners allowed to own property in Tartu?
When we asked expats what advice they would give a foreigner before buying a property in Tartu, they said...
"Yes, foreigners are allowed to own property in Tartu. Both individuals and legal entities from foreign countries can purchase and own real estate in Estonia without any restrictions. However, there might be some exceptions for agricultural and forest land, where permission from the local government may be required. It is advisable for foreigners to consult with a local real estate agent or attorney to ensure compliance with all regulations and procedures when purchasing property in Tartu," remarked one foreigner who made the move to Tartu.
What appliances are typically included in a rental?
We asked foreigners in Tartu what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Tartu typically include a refrigerator, stove, oven, washing machine, and dishwasher. Other common appliances may include a microwave, toaster, and coffee maker. Depending on the property, some may also include a vacuum cleaner, iron, and other small appliances," explained one expat in Tartu.
Additional Information about Searching for a Home in Tartu:
We asked foreigners in Tartu what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats looking for homes in Tartu often start their search by browsing online real estate portals and websites that cater specifically to the expat community. They may also join local Facebook groups and forums where rental listings are shared and ask for recommendations from fellow expats who have already settled in the area. Another option for expats is to contact local real estate agencies that have experience working with foreigners and can help navigate the rental market in Tartu. These agencies can provide valuable insights into the best neighborhoods, rental prices, and available properties. Expats may also visit popular neighborhoods in Tartu to get a feel for the area and look for "For Rent" signs on buildings. Networking with locals, colleagues, and friends can also be helpful in finding potential rental properties, as word-of-mouth can sometimes lead to the best deals. Lastly, attending expat meetups and events in Tartu can be a great way to connect with others who have gone through the process of finding a home in the city and may have valuable advice or contacts to share," said one in Tartu.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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