Baltic Capitals & Polish Cities Apartment Price Indexes, January 2013

Apartment prices in Vilnius have remained unchanged with an average price of 1,185 EUR/sqm in January 2013. There was a negative annual change in apartment prices, which decreased 1.3% in January 2013 (a 1.4% decrease was recorded in December 2012).

In January 2013, apartment prices in Riga remained stable, with an average price of 989 EUR/sqm. Over the past 12 months, the average apartment price has increased 2.0%. The number of sales-purchase transactions in January 2013 increased 48% compared with January 2012.

The average apartment price in Tallinn increased 0.2% to 1,135 EUR/sqm in January 2013. Compared with January 2012, the average price increased 9.4%. There was a total of 534 sale-purchase transactions involving flats in January, which is 10.8% more than there were in January 2012.

According Ober-Haus Real Estate Advisors data, in January 2013 apartment prices have decreased the most 0.8% in Cracow and this brings the average apartment price down to EUR 1,585 per sqm. In January the other cities also saw decreases from -0,5% in Gdańsk to -0.2% in Warsaw, Poznań and Łódź. During the last 12 months the price of apartments has dropped from 7.2% in Łódź to 3.1% in Warsaw. From the highest apartment price level and until January 2013, apartment prices drop from 13.2% in Warsaw to 35.8% in Łódź.

 

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