Baltic, Real Estate

International Internet Magazine. Baltic States news & analytics Saturday, 28.11.2020, 04:46

Vilnius, Riga see substantial rise in apartment sale transactions in January

BC, Vilnius, 15.02.2016.Print version
Apartment prices in Vilnius and Riga notched up in January 2016 amid a substantial increase in apartment sale transactions, while prices in Tallinn edged down and the rise in apartment sale transactions was much less pronounced, real estate services company Ober-Haus said on Monday, cites LETA/BNS.

The average apartment price in Tallinn in January remained the highest among the three Baltic capitals at 1.537 euros per square meter, even though it fell by 1.2% from December and by 1.6% from January 2015.

 

The average apartment price in Vilnius climbed by 0.2% over the month to 1,329 euros per square meter and the average price in Riga edged up by 0.4% to 1,061 euros per square meter. Year-on-year, the average apartment prices in Vilnius and Riga rose by 3.9% and 0.7%, respectively.

 

At the same time, Vilnius ranked first among the three Baltic capitals by the number of apartment sale transactions, which rose by 39% year-on-year to 698 in January. The number of such transactions in Riga grew by an annual 37% to 670 while the number of transactions in Tallinn grew by meager 3% to 549.

 






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