Baltic Capitals & Polish Cities Apartment Price Indexes, August 2013
According Ober-Haus Real Estate Advisors data, in Vilnius apartment prices up for seventh month in a row, rising 0.2% to 1,201 EUR/sqm in August 2013. During a year apartment prices in Vilnius increased by 0.6%, and since the last lowest price level (May 2010) have raised 4.1% (+47 EUR/sqm). The biggest increase in August was recorded for new construction (0.3%) and old construction (0.4%) apartments in residential districts of the capital.
In August 2013, apartment prices in Riga remained stable, with an average price of 998 EUR/sqm. Compared with August 2012, the average price has increased by 0.9%. The number of apartment transactions in first six months of 2013 gone up by 12% compared with the same period of 2012.
The average apartment price in Tallinn decreased 4.5% to 1,251 EUR/sqm in August 2013. Compared with August 2012, average price have increased 13.8%. There were in total 4,929 sale-purchase transactions involving flats during first eight months of 2013, which is 9.7% more than in the same period of 2012.
In August 2013 apartment prices have decreased the most 0.9% in Łódź and this brings the average apartment price down to EUR 873 per sqm. In August other cities saw decreases from -0.2% in Cracow to -0.8% in Poznań. During the last 12 months the price of apartments has dropped from 3.2% in Poznań to 6.1% in Gdańsk. From the highest apartment price level and until August 2013, apartment prices drop from 15.7% in Warsaw to 37.2% in Łódź.
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Ober-Haus Celebrates 25 Years: How Has the Property Market Changed in a Quarter of a Century?
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Buyers Show No Interest in Overpriced Housing
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Office sublease: thousands of invisible square metres
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