Pärnu, known as Estonia’s summer capital, attracts not only tourists but also real estate investors. The city offers a diverse range of properties – from cozy apartments in the city center to luxurious beachfront villas. In 2025, Pärnu’s real estate market continues to show stable growth, making it an attractive option for buyers, landlords, and investors.
Overview of Pärnu’s Real Estate Market
Pärnu has a population of approximately 40,000, which significantly increases during the summer season. Tourism plays a vital role in the city’s economy, and real estate is in high demand for both permanent living and short-term rentals.
Average Real Estate Prices in 2025:
- Average price per square meter: €2,300 – €3,200
- Average price of a 50 m² apartment: €115,000 – €160,000
- Average price of a private house: €220,000 – €450,000
- Annual price growth: 5–8%
Popular Neighborhoods and Property Prices
Pärnu City Center
The city center is in high demand due to its well-developed infrastructure and proximity to the promenade.
- Price per m²: €2,800 – €3,500
- Rent for a 2-room apartment: €600 – €900 per month
- Pros: Convenient location, high property liquidity
- Cons: Limited availability, higher prices
Beach Area (Ranna)
Perfect for investing in tourist-oriented real estate.
- Price per m²: €3,500 – €5,000
- Private houses: €400,000 – €700,000
- Pros: Prestigious location, high rental demand
- Cons: High prices, limited supply
Mai District
A popular residential area with excellent transport accessibility.
- Price per m²: €2,300 – €3,000
- Private houses: €250,000 – €400,000
- Pros: Well-developed infrastructure, affordable prices
- Cons: Distance from the beach
Suburbs & Jaanipäevi
Ideal for families and those seeking peace and spacious living.
- Private houses: €200,000 – €350,000
- Pros: Green environment, large plots
- Cons: Distance from the city center
Rental Market in Pärnu
Seasonal rentals play a crucial role in Pärnu’s economy.
- Long-term rent for a 1-room apartment: €400 – €600 per month
- Long-term rent for a 2-room apartment: €600 – €900 per month
- Summer rent for an apartment (city center, 1 month): €1,500 – €2,500
- Summer rent for a house (beachfront, 1 month): €3,000 – €6,000
Investment Potential
Key reasons to invest in Pärnu real estate:
- Price growth: Stable annual increase of 5–8%
- High rental demand: Due to tourism
- Infrastructure development: Urban improvements and new housing projects
Future Market Outlook
The real estate market in Pärnu is expected to grow further, driven by:
- City center redevelopment
- Increasing demand for premium seaside properties
- Development of eco-friendly residential areas
Conclusion
Pärnu remains an attractive city for real estate purchases. Your choice of area depends on your goals:
✅ City Center – for active urban life
✅ Beach Area – for investment and leisure
✅ Mai District – a convenient residential neighborhood
✅ Suburbs – for peace and comfort
Pärnu’s real estate market continues to grow, offering excellent opportunities for both living and investment.
