Im now looking at a few targets in Parnu Estonia, a few hundred metres from the beach.

£15000 for a 2700sqm plot with permission or £19000 for a 24000sqm beach front plot with permission on the largest off - shore island.

Surely for these low sums it has to be worth a punt?

Anyone know much about Parnu?

I've been to Parnu and wasn't impressed. Very popular with Scandinavians and Estonian's. Summer season is where rental potential lies. (I know you are talking about land, but length of season could impact on value of land here.)

Reason I'm not keen on Parnu is that I'm not sure it will be popular once budget flights start to fly out of Estonia to sunnier resorts. Perhaps I'm being over pessimistic though as you can get budget flights from Scandinavian countires and it hasn't stopped them holidaying there. Parnu is not an economic hub and it is that bit too far from Tallinn to commute, particularly when roads are icey or covered in snow.

That said, there are many living and investing in Tallinn that are trying to fill their boots with investments in Parnu, particularly when it comes to Parnu town centre. One such company is Findlay Property Investment Solutions (link beneath.) You won't find much information on the website, but it does give contact information if you were interested in joining a syndicate rather than going it alone and playing the waiting game with land. They have a 5 year investment syndicate where exposure is spread between Parnu, Tallinn and one or two other parts of Estonia. This is the one I'm thinking of, but stalling on. (Only stalling as will be stretched financially.)

Tallinn is good place to spend a night or two - you may enjoy a trip out there if it can be put against business expenses. Many a Scot went over with the tartan army a few years ago (the game where opposition didn't turn up) and didn't make it home. They own some of the bars and restaurants in the Old Town.

http://www.findlay-co.com/

Forgot the simplest of tips when buying land in Estonia. Don't buy a marsh! Very high proportion of Estonia is either wood (which I think gets replanted once trees have been felled) or marsh. Think we are talking 80 or 90% for the two combined.

Out of interest, was land for sale through Churchill?

Soup, thanks for the info.

I checked out the fund for Estonia. My issue is cost. Although they mention a performance fee and annual managment charge, what about wages and other costs paid to the directors and staff? For example they could pay the property sourcing chap £100000, and he could give them £60000 back in cash

Perhaps Im paranoid, but for me to invest in such a fund I would want the nitty - gritty details all laid to bare. I would also want to be sure UK law covers investors should the owners do something reckless or inappropriate.

A chap I know got together with 7 others and they formed thier own group investment fund. Seems a better approach to me as you then have total control without all the costs of the above type fund as long as the legal contract is robust.

Anyone interested? Say £20000 or less each?

Dogbox, what do you propose?

Dogbox, yes there's quite a few things you would need clarity round with Findlay investments or other syndicates. One plus for me with this person is I know where he went to school - could hunt him down if he were to do a runner.

Like the idea of having own fund but there are so many things that would need sorted (many legally) before people that don't really know each other were comfortable enough to invest their hard earned money. Interested to hear thoughts on how it might work though. You could run a separate thread on it.

Has anyone spotted any other decent 'off - plan' flippable prospects? Big secure developers preferably.
Id rather spread the risk, so Im not thinking another Morocco prospect. Possibly Italy, Scicily, Turkey?