Baltic Capitals & Polish Cities Apartment Price Indexes, June 2013
Vilnius apartment prices up for fifth month in a row, rising 0.1% to 1,198 EUR/sqm in June 2013. The apartment prices increased by 1.1% over the first six months of the year, with the biggest increase of new construction apartments in city centre and prestigious districts (2.3%) and old construction apartments in residential districts (1.7%). In the first half of 2013, the number of apartment transactions in Vilnius increased by 33% comparing with the same period of 2012.
In June 2013, apartment prices in Riga remained stable, with an average price of 994 EUR/sqm. Over the past 12 months, the average apartment price has increased 0.5%. Among the Baltic capitals the biggest fall in prices from the peak remains in Riga with 57.2% drop since May 2007.
The average apartment price in Tallinn decreased 4.3% to 1,203 EUR/sqm in June 2013. Compared with June 2012, the average price increased 8.5%. There were in total 3,685 sale-purchase transactions involving flats during first six months of 2013, which is 11.4% more than in the same period of 2012.
According Ober-Haus Real Estate Advisors data, in June 2013 apartment prices have decreased the most 0.5% in Gdańsk and this brings the average apartment price down to EUR 1,291 per sqm. In June other cities saw decreases from -0.3% in Poznań to -0.1% in Warsaw. The only one that noted small 0.1% increase is Łódź. During the last 12 months the price of apartments has dropped from 3.0% in Poznań to 4.9% in Gdańsk. From the highest apartment price level and until June 2013, apartment prices drop from 14.8% in Warsaw to 36.4% in Łódź.
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