Up and down prices for emerging European residential real estate markets
Parts of the Baltic are seeing blended fortunes in their real estate markets with some countries and cities with property price increases and others where values are continue to fall.
Apartment prices in Vilnius have remained stable in July with the Ober-Haus Baltic Apartment Price Index showing an average price of €1,208 per square meter. It means that the annual growth of apartment prices has decreased to 2.8%.
In June, the annual growth of apartment prices in the city was 3.6%. From the peak of the market in December 2007, to July of this year, apartment prices in Vilnius have dropped by a total of 39.1%.
In July prices in Kaunas, the second largest city in Lithuania, increased by 0.4%. No price changes were recorded in Klaipėda, Šiauliai or Panevė
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Submited at Wednesday, August 10th, 2011 at 5:00 pm on Finance by steve
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