Baltic Capitals & Polish Cities Apartment Price Indexes, January 2014

According Ober-Haus Real Estate Advisors data, Vilnius apartment prices rose by 0.6% to 1,224 EUR/sqm in January 2014. There are undeniable signs of market recovery as this is the twelfth consecutive monthly increase for the index. During a year apartment prices in Vilnius increased by 3.3%, and since the last lowest price level (May 2010) have raised 6.1% (+70 EUR/sqm).

Riga apartment prices up for fifth month in a row, rising 0.3% to 1,033 EUR/sqm in January 2014. Over the past 12 months, the average apartment price has increased 4.4%. The price increase was largely a result of decreased supply of smaller apartments in the market. The number of apartment transactions in January 2014 increased by 4.4% as compared to January 2013.

The average apartment price in Tallinn increased 2.0% to 1,388 EUR/sqm in January 2014. Compared with January 2013, average price have increased 22.2%. There were 590 apartment transactions in January 2014 in Tallinn, which is 10.5% more than during January last year.

In January 2014 apartment prices have increased the most 0.5% in Warsaw and this brings the average apartment price to EUR 1,844 per sqm. The prices increased also in other cities from 0.1% in Cracow and Łódź to 0.4% in Gdańsk. During the last 12 months the price of apartments has dropped from 1.7% in Cracow to 2.8% in Gdańsk. From the highest apartment price level and until January 2014, apartment prices drop from 15.2% in Warsaw to 37.2% in Łódź.

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