Ready to buy your first home but not sure where to begin? Here are some key recommendations from an experienced real estate developer.

Estonia’s real estate market is diverse, offering homes for every taste – from apartments with historic charm in the Old Town to premium-class houses with modern comforts on the outskirts of the city. Choosing between a home on the secondary market or in a new development depends largely on personal preferences, lifestyle needs, and financial considerations. Both options come with their own advantages and drawbacks.

You’ve decided to purchase a plot for building your dream home – but what’s next? Here are six key steps to guide you on your journey from land to the home of your dreams.

Estonian real estate developer Everaus Kinnisvara is entering the Riga market with a residential building project comprising 28 micro-apartments located near the city center. The planned development offers affordable living spaces for students and young professionals, while also presenting an attractive investment opportunity for those seeking stable rental returns.

On April 2nd, the annual Real Estate Development Conference 2025, organized by Äripäev, brought together leading real estate developers, public sector representatives, and other industry stakeholders. Everaus Kinnisvara CEO Janar Muttik participated in the panel discussion “Are We Suburbanizing or Densifying Our Cities?”

Everaus Kinnisvara has reduced the initial down payment for homes under construction to just 2.5%, four times lower than the standard 10%. The significantly lower entry barrier helps ease the financial pressure of upgrading homes and allows buyers to avoid having to sell their current home and move into temporary accommodation before their new home is completed.

Everaus Kinnisvara and construction company NOBE have signed contracts to build nearly one hundred modern and energy-efficient homes in Järveküla and Luige, just outside Tallinn, by 2026. The total value of the construction works is €16 million.

Entrepreneurs doubt that the ministry will be able to attract developers to Ida-Viru County with a bonus. Additionally, there is concern that instead of choosing simpler solutions, the state may end up creating a market distortion. Janar Muttik, CEO of Everaus Kinnisvara, also questions whether the €300,000 subsidy would actually cover the potential risks and provide developers with hope of making a profit.

Over the past 10 years, Everaus has built all of its new developments, including apartment buildings*, so as to be supplied with geothermal heating. Our years of experience with such heating confirm that it is up to 45% cheaper than other types on the market. As such, it is the most cost-effective way of keeping buildings warm. Moreover, geothermal heating is stable, can be relied on all year long and is environmentally friendly.

Work on Kangru Kodu on the outskirts of Tallinn has now been completed, with the residential quarter’s roads, street lighting and playground all in place. This unique development, which is very close to nature, offers tree-lined private plots of up to 3600 m².