Official Property Appraisal for Bank Mortgages & KredEx in Estonia
When you apply for a mortgage with Swedbank, LHV, SEB or Luminor, the bank usually asks for a certified appraisal report. It is compiled by a licensed appraiser under the national EVS 875 standard – our partner appraisers deliver it in 2–4 business days.
Instant AVM estimate vs certified appraisal
Estiq AVM (digital estimate)
An instant statistical estimate based on Land Board transaction data and location signals. Ideal for price checks and market research, but not accepted by lenders for a loan decision.
EVS 875 appraisal report
An official expert opinion by a licensed appraiser (level 6/7), based on an on-site inspection and registry checks. Accepted by banks and KredEx.
Bank & KredEx requirements
Major mortgage lenders in Estonia expect the following:
- Swedbank, LHV, SEB, LuminorAccept reports from certified partner appraisers. The report must reflect the actual technical condition and match the Building Register (EHR) plans.
- KredEx (EIS)For guarantees aimed at young families, professionals and energy-efficient homes, an appraisal is needed to establish the collateral's market value.
- EHR occupancy permitIf a house or apartment alterations lack an occupancy permit, the bank may refuse the loan or require the permit within 6–12 months.
Fee schedule & turnaround times
EVS 875The final fee depends on location, floor area and documentation. Prices are final consumer prices (all taxes included) and cover the on-site inspection and electronic delivery of the report to your bank.
1–2 room apartments
- Ready in 2–3 business days
- All major Estonian banks
- EVS 875 standard
- Tallinn & Harju County
3–4 room apartments
- Ready in 2–3 business days
- Swedbank, LHV, SEB, Luminor, Coop
- KredEx guarantee ready
- Licensed appraiser (level 6/7)
Detached & semi-detached
- Ready in 3–5 business days
- Full land & building inspection
- EHR permit check
- All of Estonia
How does it work?
Frequently asked questions
What is the difference between an Estiq instant valuation and a bank appraisal?
An Estiq instant valuation (AVM) is a statistical market estimate based on Land Board transaction data, generated in seconds. A bank appraisal is a formal expert opinion by a licensed appraiser (level 6 or 7) under the EVS 875 standard, which banks ask for when issuing a mortgage.
Do banks accept appraisals from your partners?
Our partner appraisers are certified real estate appraisers (qualification level 6/7) whose reports are accepted by Estonian banks, including Swedbank, LHV, SEB, Luminor and Coop Pank. We give you the appraiser's name and professional register number before you confirm the order.
What is a KredEx loan guarantee and when is it needed?
A KredEx guarantee lets you get a mortgage with a smaller down payment (from 10%, or 5% in some cases). Applying for it also requires a certified appraisal report confirming the value of the collateral.
How long does an appraisal take?
Typically 2–4 business days from the on-site visit until the report is delivered to your lender, depending on the property and its location.
How do Estonian banks and appraisers account for renovation costs and furniture in a valuation?
Under the EVS 875 standard, apartments are valued using the sales comparison approach rather than adding up renovation invoices. Permanently installed fixtures (fitted kitchens with integrated appliances, built-in wardrobes, sanitary ware) are part of the real property and add roughly 50–70% of their purchase cost to the appraised value. Loose furniture and electronics (sofas, beds, dining tables, TVs) are movable property and are valued at €0 for mortgage collateral. Major renovations typically translate into 60–85% of cost in market value (50–70% in standard panel buildings due to district price ceilings), provided any layout changes are legalized in the Building Register (EHR).
Is an appraisal report always needed when refinancing?
Under a Ministry of Finance draft, not always: banks may use an automated valuation model in some cases. Banks must comply with the new rules by the start of 2027 at the latest, so ask your bank.
Read full guide: How Estonian banks value renovation & furniture (EVS 875) →
Order an official appraisal for your bank
Submit your details and Estiq will contact you within 24 hours. We tell you the appraiser's name and fee, and pass your details to the appraiser only after you agree.
- Swedbank, LHV, SEB, Luminor, Coop
- KredEx guarantee ready
- Licensed appraiser (level 6/7)
Estiq (WELDME OÜ) connects clients with independent licensed appraisers (EVS 875, level 6/7). Appraisal reports are issued and signed by the licensed appraiser.