Baltic, Real Estate
International Internet Magazine. Baltic States news & analytics
Saturday, 27.04.2024, 00:37
In July, apartment prices in Riga and Vilnius increased, but in Tallinn decreased
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Over a year, apartment prices in Vilnius increased by 1.6% and since the last lowest price level in May 2010, apartment prices are higher by 13% (by EUR 150/sqm). Despite very high market activity in the last two months, the number of apartment transactions from January to July in Vilnius is lower by 13% compared with the same period a year ago.
In July, apartment prices in Riga increased by 0.1% to the average price of EUR 1,050/sqm. Over the past 12 months, the average apartment price has decreased 0.4% (in June 2015, the annual growth of apartment prices was 0.2%).
The average apartment price in Tallinn decreased by 2.3% to EUR 1,504/sqm in July, which means that the annual increase was 4.4%. July was the fourth month in a row, when a decrease in prices was observed in Tallinn.
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