Analytics, EU – Baltic States, Latvia, Real Estate
International Internet Magazine. Baltic States news & analyticsTuesday, 09.02.2010, 15:29
Latvia registers world's biggest decrease in house prices in Q3
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Compared to the second quarter, house prices in Latvia fell 6.75%, which was also the world's steepest decrease, writes LETA.
However, Global Property Guide data show that more countries have experienced house price falls during the year to date, than have enjoyed price rises.
More broadly, the world seems polarized between the Asian economies, which are enjoying strong economic growth and high residential property price rises, and Eastern Europe and the United Arab Emirates, where growth has stalled and property markets have crashed, Global Property Guide points out.
The house price fall in the UAE in the third quarter was the second severest after that in Latvia – 48.05%.
Bulgaria recorded a 28.66% fall in residential property prices, and Iceland a 21.21% fall.
On the other hand, Israel's housing market has been the best performer for two quarters in a row. House prices rose 10.15% over the year to end-Q3 2009, an acceleration from 8.4% increase over the year to end-Q2 2009.
- 09.02.2010 Latvia’s GDP growth comprised 2.4% in Q4 compared to Q3
- 09.02.2010 Foreign trade of Latvia decreased by 31.4% in 2009
- 09.02.2010 Прирост ВВП Латвии в IV квартале составил 2,4%
- 09.02.2010 В Латвии впервые исследована социальная роль русского бизнеса
- 09.02.2010 Rigas satiksme введет новые билеты и предложит дополнительные скидки
- 09.02.2010 Free Market Institute: Lithuania’s GDP to fall by 1% in 2010, unemployment – at 17%
- 09.02.2010 Riga International Airport capacity to be expanded to 12.7 mln passengers a year
- 09.02.2010 Заплатив налог, должностные лица в Латвии на служебном автомобиле смогут ездить только на работу и обратно
- 09.02.2010 Estonia's euro adoption moves raise concern in Latvia
- 09.02.2010 Пропускная мощность Рижского аэропорта увеличится до 12,7 млн. пассажиров в год
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