Baltic Capitals & Polish Cities Apartment Price Indexes, November 2013

Vilnius apartment prices rose by 0.6% to 1,215 EUR/sqm in November 2013. It is the biggest monthly increase since April 2011. During a year apartment prices in Vilnius increased by 2.4%, and since the last lowest price level (May 2010) have raised 5.3% (+61 EUR/sqm). In the first eleven months of 2013, the number of apartment transactions in Lithuania increased by 25% comparing with the same period of 2012.

In November 2013, apartment prices in Riga have increased by 0.7% to average price of 1,013 EUR/sqm. Over the past 12 months, the average apartment price has increased 2.4%. The price increase in November was recorded mainly for old construction apartments in residential districts. In November 2013, in total 737 apartments were sold in Riga, which is almost the same number that was in November 2012.

The average apartment price in Tallinn decreased 2.2% to 1,307 EUR/sqm in November 2013. Compared with November 2012, average price have increased 13.8%. There were in total 7,153 apartment transactions in Tallinn during first eleven months of 2013, which is 9.4% more than in the same period of 2012.

In November 2013 apartment prices have decreased the most 0.2% in Gdańsk and this brings the average apartment price down to 1,303 EUR/sqm. The prices decreased moderately by 0.1% also in Warsaw, Poznań and Łódź. Prices in Cracow slightly increased. During the last 12 months the price of apartments has dropped from 2.9% in Warsaw to 5.9% in Gdańsk. From the highest apartment price level and until November 2013, apartment prices drop from 15.5% in Warsaw to 37.0% in Łódź.

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Vilnius apartment prices rose by 0.6% to 1,215 EUR/sqm in November 2013. It is the biggest monthly increase since April 2011. During a year apartment prices in Vilnius increased by 2.4%, and since the last lowest price level (May 2010) have raised 5.3% (+61 EUR/sqm). In the first eleven months of 2013, the number of apartment transactions in Lithuania increased by 25% comparing with the same period of 2012.

In November 2013, apartment prices in Riga have increased by 0.7% to average price of 1,013 EUR/sqm. Over the past 12 months, the average apartment price has increased 2.4%. The price increase in November was recorded mainly for old construction apartments in residential districts. In November 2013, in total 737 apartments were sold in Riga, which is almost the same number that was in November 2012.

The average apartment price in Tallinn decreased 2.2% to 1,307 EUR/sqm in November 2013. Compared with November 2012, average price have increased 13.8%. There were in total 7,153 apartment transactions in Tallinn during first eleven months of 2013, which is 9.4% more than in the same period of 2012.

In November 2013 apartment prices have decreased the most 0.2% in Gdańsk and this brings the average apartment price down to 1,303 EUR/sqm. The prices decreased moderately by 0.1% also in Warsaw, Poznań and Łódź. Prices in Cracow slightly increased. During the last 12 months the price of apartments has dropped from 2.9% in Warsaw to 5.9% in Gdańsk. From the highest apartment price level and until November 2013, apartment prices drop from 15.5% in Warsaw to 37.0% in Łódź.

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