Presentation of the country

Presentation of the country

Estonia is a country of 1,3 Million people, including half million residents in the port-capital Tallinn on the Gulf of Finland with both strong Nordic and Finnish cultures being prevalent.

Since becoming an independent nation, Estonia has completed a stage of dramatic growth and is now positioning itself favourably at almost more than half way between the gap between Western standard of living and other Eastern European standards.

Estonia is considered as to have one of the best educations in the world with ranking in the 5 first nations with Finland, Japan, Canada…

Safety and respect of individual property is much higher than in comparison to Western Europe with crime rates being considered as one of the lowest in Europe.

The average salary is still low at around 600€, this shows the possible convergence potential to come as specialists in Estonia to have the same level of earnings and standards of living within the next 20years in line with the Western Europe averages.

Average living space per person is still half of what it is in the West and this will increase proportionally with economic growth.

The rise of a real middle class who aspire to change living standards and move from Soviet – style blocks into new built apartments thus boosting demand.

Estonia will join Euro Zone at the beginning of 2011 and as noted in Slovakia and in Slovenia before, joining the Eurozone is always equivalent to price step up, particularly in real estate sector.

Estonia remains today one of the best in class in the countries from the previous Soviet Block.