Baltic, Real Estate

International Internet Magazine. Baltic States news & analytics Sunday, 14.04.2024, 16:45

In July, apartment prices in Riga and Vilnius increased, but in Tallinn decreased

BC, Vilnius, 03.09.2015.Print version
In July 2015, apartment prices in Vilnius increased by 0.5% to EUR 1,304/sqm, Ober-Haus, the largest real estate agency operating across the Baltic region including Estonia, Latvia and Lithuania, said in a statement, cites LETA/ELTA.

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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