“Property valuation” means two rather different things in Estonia: a free indicative estimate and an official appraisal report prepared by a certified appraiser. They answer different questions, cost differently and suit different situations.
Free estimate: a fast answer to “what is my home worth?”
An automated estimate (like our free calculator) compares your property with real transactions of the same area, age and size and returns a market value range in a couple of minutes. It is the right tool when:
- you are considering selling and want a realistic range before deciding;
- you are setting an asking price and need a comparison base;
- you want to track your property's value over time;
- you are simply curious — it is free and non-binding.
The limitation is honest and clear: an automated valuation cannot see inside your home. The view, interior finish and quirks stay invisible to statistics, which is why the result is a range, not an exact figure.
Appraisal report: an official document for official procedures
An appraisal report is a thorough document by a certified appraiser, compliant with the Estonian property valuation standard EVS 875. The appraiser visits the property, photographs, measures, analyses comparable transactions and stakes their professional licence on the result. A report is required by:
- banks — to value collateral for a home loan or refinancing (the most common reason);
- courts and bailiffs (division of property, enforcement proceedings);
- some official procedures: inheritance matters at the notary, company accounting.
How much does it cost and how long does it take?
An apartment appraisal report in Estonia typically costs €150–300, a house with a plot €250–500; complex properties and rush orders cost more. Delivery is usually 3–7 working days after the site visit. Note: banks often accept reports only from appraisal firms they recognise — ask your bank for the list before ordering.
So which one do you need?
A simple rule: if an institution or bank is asking for the valuation, you need an appraisal report. If the answer is for you — planning a sale, setting a price, curiosity — a free estimate is enough and you can save the report fee. A sensible order: first a free estimate to learn the ballpark, then order the report only once a deal or loan becomes concrete.
If you need a report but don't know where to start: leave your contact after running our calculator and we will refer you to a trusted certified appraiser who will send you a quote.