Real estate has traditionally been one of the most familiar investment choices for Estonian investors. Alongside direct property ownership, the growing Baltic corporate bond market offers another way to gain exposure to the real estate sector – without purchasing and managing an apartment.

In an article published by Äripäev, Andrus Laurits, Managing Director of Pro Kapital, and Silver Kalmus, Head of Debt Securities at LHV, compare investing in a rental apartment with investing in bonds. The discussion looks at cash flow, potential returns, leverage, diversification, liquidity and management requirements, while investor Rahakratt contributes his own perspective and practical experience.

Rather than presenting the two as mutually exclusive alternatives, the article explores how real estate and bonds can serve different purposes within an investment portfolio.

Read the full article on Äripäev: https://www.aripaev.ee/sisuturundus/2026/09/14/uurikorter-voi-kohalik-volakiri-kumb-paneb-investori-raha-paremini-toole

This is a securities advertisement within the meaning of Regulation (EU) 2017/1129. The issuer is AS Pro Kapital Grupp. This is not an offer to sell or a solicitation of an offer to buy any securities of AS Pro Kapital Grupp, nor any recommendation or investment advice. To fully understand the potential risks and rewards associated with the investment decision, before making the decision, please review the prospectus, the issue terms, the final terms, risks, and other information available at: https://www.prokapital.com/bond-issue2026/. If necessary, consult an expert. Approval of the prospectus by the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon) should not be understood as an endorsement of the bonds offered by AS Pro Kapital Grupp. The bonds are offered publicly in Estonia, Latvia, and Lithuania.