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Guide to Buying a Property in Estonia

March 31st, 2011 7:02 am

The process of buying real estate in the Republic of Estonia can seem a bit complicated on the surface. With that said, the government of the Republic of Estonia has worked rather diligently to liberalize and modernize the laws governing the buying and selling of real estate in that country. In this regard, a good deal of effort has been expended making it a bit easier for foreign nationals to buy real estate in Estonia.

There are two primary contracts involved in the sale of real estate in Estonia. Both documents are prepared by a notary. Indeed, in Estonia it is mandatory that a notary be involved in the real estate sales process, that a notary prepare these primary documents. The initial agreement in the Estonian real estate sales process is the sales-purchase agreement. This agreement is prepared by the notary and is executed by the buyer and the seller once the seller makes an offer on the property that is for sale. Generally speaking, once the oral offer is made by the buyer to the seller, the sales-purchase agreement can be prepared and executed with a period of ten to thirty days.

During the period of time between the execution of the sales-purchase agreement and the final agreement in the sales process, the buyer obtains financing and the seller makes certain that the property physically and legally is in a position to be conveyed and transferred to the buyer. In addition, during this interim period, the buyer must pay to the government what is known as a state fee — which is in the amount of 0.4% of the value of the real estate being sold and purchased.

The final agreement in the real estate sales process in Estonia is entitled the transfer of ownership in real estate agreement or document. When this document is duly executed by the parties, an application is made to the Land Register Office to transfer the ownership of the real estate from the seller to the buyer. In addition, following the filing of this application, a public notice of the change in ownership of the real estate is published in the Official State Gazette, the official publication in Estonia that publishes legal notices of this nature. In summary, the process of buying real estate in Estonia does include a number of hurdles that seem confusing and complicated on the surface. But, as has been noted, the laws have been modernized and liberalized in recent years. Chances are quite good that the government of Estonia will continue to work to make the real estate laws in that country a bit more “user friendly” and less cumbersome in the future.

Finland is a Beautiful City

July 6th, 2010 4:28 am

Finland is known for its beautiful lakes, they are around 200,000 in number not including the small ones. The water quality of Finland is just excellent; the city has lush green surroundings and dense forests all around the sea and other water bodies. In Finland, the travelers can sit on the shore of a lake for fishing and enjoy the glimpse of reindeer or moose in silence.

Alcoholic drinks are the significant part of the Finnish culture. The national favorites here are the Finlandia vodka, Koskenkorva, the Salmiakki Koskenkorva. The other drinks served here include cloudberry liqueur. During the winter period Finland provides outstanding opportunities for cross-country skiing. There are many ski resorts which are situated north of the Arctic Circle in Lapland. There is also a Santa Claus village in the town of Rovaniemi in Finland this place attracts tourists in large number.

Every year in kemi a large snow castle with an Ice Hotel is built. Rovaniemi is a place from where one can see the Aurora Borealis. Tourists often enjoy the reindeer sleighs trips with Sami drivers, or in dog sleighs. Skiing is also a great option here, with downhill resorts at Levi and Saariselkä. There are several cross country ski tracks throughout the northern part of Finland. Ice hockey the popular winter sport here is enjoyed by large number of people. One can also go for ice yachting, or ice skating.

Helsinki is the capital city of Finland and is thronged by the visitors all the year round. During the summers the tourists come to Helsinki from all the corners of the world. Helsinki is known to be the coolest party city in the Nordic countries. Turku is positioned on the southwest coast of Finland at the mouth of River Aura. Initially Turku was highest populated city of Finland and has also been the important center of commerce and trade.