Baltic Capitals & Polish Cities Apartment Price Indexes, February 2013

A growth of 0.2% in apartment prices was recorded in Vilnius after a 10-month break in February 2013. The average price reached 1,188 EUR/sqm, which is 1.3% lower than a year ago. This change was mostly influenced by a 1.3% increase in apartment prices in the prestigious areas of the Lithuanian capital (Naujamiestis, Zverynas and Antakalnis).

The average apartment price in Riga increased 0.2% to 991 EUR/sqm in February 2013. Over the past 12 months, the average apartment price has increased 2.3%. The number of sales-purchase transactions in February 2013 increased 10% compared with February 2012.

The average apartment price in Tallinn increased 3.3% to 1,137 EUR/sqm in February. Compared with February 2012, the average price increased 10.6%. There was a total of 576 sale-purchase transactions involving flats in February, which is 13.2% more than there were in February 2012.

According Ober-Haus Real Estate Advisors data, in February 2013 apartment prices have decreased the most 0.3% in Cracow and this brings the average apartment price down to EUR 1,591 per sqm (thanks to PLN appreciation the all prices denominated in EUR increased moderately). In February the other cities also saw decreases from -0,2% in Warsaw and Łódź to -0.1% in Gdańsk and Poznań. During the last 12 months the price of apartments has dropped from 6.0% in Kraków to 4.0% in Warsaw. From the highest apartment price level and until February 2013, apartment prices drop from 13.4% in Warsaw to 36.0% in Łódź.

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