Estonia from €83,000

Estonia is an emerging market in the Baltic region. The heart of Parnu, launched to Irish buyers last week, is an apartment building in Parnu, a seaside resort in the southwest of the country that is renowned for its health spas. The scheme comprises 60 units and is due for completion next summer. It is situated between two shopping centres, the city museum and a concert hall. The developers claim rental yields of 6% and capital appreciation of 28% last year. Prices start from €82,829 for a studio and rise to €194,048 for a two bedroom complex.

Agents: Colliers Jackson-Stops, 01 6333700, www.colliersjs.com
They say: Vat of 18% on properties can be claimed back.
We say: Vat can be claimed back only by setting up your own company in Estonia with start-up costs of about €1,000.
Location: 10km from the capital Talinn and 5km from Parnu airport.