Baltic, Real Estate

International Internet Magazine. Baltic States news & analytics Friday, 20.09.2019, 13:16

Apartment prices in Vilnius and Riga grew in June, but decreased in Tallinn

BC, Vilnius, 10.07.2015.Print version
According to the real estate agency Ober-Haus' Baltic Apartment Price Index, apartment prices in Vilnius increased by 0.3% to EUR 1,298/sqm in June 2015. The annual pace of apartment price growth has been slowing for 10 months in a row to 1.2% in May, informs LETA/ELTA.

Since the last lowest price level in May 2010, apartment prices are higher by 12.5% (by EUR 144/sqm). In January-June, the number of apartment transactions in Vilnius decreased by almost 18% compared with the same period in 2014, Ober-Haus estimated.

 

In June, apartment prices in Riga remained stable with the average price of EUR 1,049 /sqm.

 

Over the past 12 months, the average apartment price has increased by 0.2% (in June 2014, the annual growth of apartment prices was 5.3%). In January-June, the number of apartment transactions in Riga decreased by 17% compared with the same period in 2014.

 

The average apartment price in Tallinn decreased by 0.2% to EUR 1,543/sqm in June, which means that the annual increase is 8.1%. In total, there were 4,215 apartment transactions in January-June in Tallinn, which is 15% more than in the same period last year.






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