Baltic, Real Estate
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Tuesday, 20.05.2025, 07:19
Ober-Haus: apartment prices in Baltic capitals up in November
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The average value of apartments' square meter transaction in Tallinn decreased by 5.2% in November after increasing 7.6% in October, informs LETA/BBN.
The average transaction price in Tallinn in November was EUR 942 EUR per square meter.
The number of transactions in November was 616, the highest level this year, showing that the market is on a recovery pace.
In Riga the prices for apartments are still 60.9% lower in comparison with their peak reached in May 2007.
As the study of Ober-Haus shows, November was active month in real estate market in Riga both from owner and buyer side.
Over the past 12 months, the prices of apartments in Vilnius decreased 0.7%, marking 40.1% off of their December 2007 peak.
In Vilnius, apartment prices increased by 0.4% in November and the average price now is EUR 1.189 per square meter. Prices for apartments have risen for the sixth consecutive month in the Lithuanian capital and the overall increase for this period is 2.9%.
In other main Lithuanian cities (Kaunas, Klaipeda, Panevezys and Siauliai), prices are still decreasing, with Ober-Haus recording monthly decrease in prices of 0.1%, 0.8%, 1.2% and 2.3%, respectively.
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