Baltic Capitals & Polish Cities Apartment Price Indexes, May 2013
Vilnius apartment prices up for fourth month in a row, rising 0.1% to 1,197 EUR/sqm in May 2013. The stability in prices and historically low interest rates are having a positive effect on the number of transactions. In first five months of this year the number of apartment transactions in Lithuania increased by 20% comparing with the same period of 2012.
In May 2013, apartment prices in Riga have increased by 0.3% to average price of 994 EUR/sqm. Over the past 12 months, the average apartment price has increased by 0.9%. 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 increased 4.4% to 1,260 EUR/sqm in May 2013. Compared with May 2012, the average price increased 13.9%. There were in total 3,121 sale-purchase transactions involving flats during first five months of 2013, which is 14% more than in the same period of 2012.
According Ober-Haus Real Estate Advisors data, in May 2013 apartment prices have decreased the most 0.7% in Cracow and this brings the average apartment price down to EUR 1,524 per sqm. In May other cities saw decreases from -0.5% in Warsaw to -0.1% in Poznań and Gdańsk. During the last 12 months the price of apartments has dropped from 3.1% in Poznań to 5.4% in Gdańsk. From the highest apartment price level and until May 2013, apartment prices drop from 14.7% in Warsaw to 36.4% in Łódź.
Vilnius apartment prices up for fourth month in a row, rising 0.1% to 1,197 EUR/sqm in May 2013. The stability in prices and historically low interest rates are having a positive effect on the number of transactions. In first five months of this year the number of apartment transactions in Lithuania increased by 20% comparing with the same period of 2012.
In May 2013, apartment prices in Riga have increased by 0.3% to average price of 994 EUR/sqm. Over the past 12 months, the average apartment price has increased by 0.9%. 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 increased 4.4% to 1,260 EUR/sqm in May 2013. Compared with May 2012, the average price increased 13.9%. There were in total 3,121 sale-purchase transactions involving flats during first five months of 2013, which is 14% more than in the same period of 2012.
According Ober-Haus Real Estate Advisors data, in May 2013 apartment prices have decreased the most 0.7% in Cracow and this brings the average apartment price down to EUR 1,524 per sqm. In May other cities saw decreases from -0.5% in Warsaw to -0.1% in Poznań and Gdańsk. During the last 12 months the price of apartments has dropped from 3.1% in Poznań to 5.4% in Gdańsk. From the highest apartment price level and until May 2013, apartment prices drop from 14.7% in Warsaw to 36.4% in Łódź.
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