Finns buying apartments

22.03.2012, 12:00

Finnish property investors are flock-ing to Tallinn because they can earn between 4.5 and 7% in yield from Tallinn apartments, or at least double what they would earn in Helsinki, writes Delfi.

Christian Ayrer, consultant of 1Partner Kinnisvara, said that in recent months he has talked to 25 Finnish investors who are seeking a total of 100 apartments. "This is a lot considering the Tallinn apartment market,” said Ayrer

According to the consultant, half of the investors are seeking a second apartment in Old Town or central Tallinn, while others consider it only as an investment.