Surrounded by elaborate merchant houses and, in summer, packed with café tables, it's a natural magnet for tourists.
Historically it served as a market and meeting place, and was the site of at least one execution (resulting from a dispute over a bad omelette). Find the round stone marked with a compass rose in the middle of the square. From this spot, with a little stretching and bending, you can see the tops all five of Old Town's spires.
Today, the square remains the social heart of the city, a venue for open-air concerts, handicraft fairs and Medieval markets. Each winter it's home to the town's Christmas tree – a tradition that stretches back to 1441 – and a buzzing Christmas Market. In spring it hosts the Old Town Days festival, a modern version of a Medieval carnival, where traditions from the Middle Ages are kept alive.
Notable buildings around the square include the Town Hall and the Town Hall Pharmacy.
Take a virtual tour on the Town Hall Square.
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This holiday season, as always, the market is bound to get the city into festive mood.
Visitors can browse through and buy wares by skilled artisans in merchant stalls surrounding the enormous Christmas tree. Sellers offer traditional and original gifts including felted wool hats and slippers, buckwheat pillows, wooden bowls, wickerwork, elaborate quilts, ceramic and glassware, little sea-grass animals, homemade candles, wreaths and other decorations. If you tire of shopping, you can relax and enjoy a glass of mulled wine, hot soup and the occasional gingerbread biscuit. You can also try Estonian traditional holiday food: pork, sauerkraut, black pudding.
There will be live music on the market stage and the chance to meet Father Christmas.
Activities for children include a mini zoo, a slide, and Santa's House with a post office and reindeer.
Dates may change!