The rise in prices on the real estate market of the Baltic countries has slowed

On the housing market in the Baltic countries has slowed down the rise in prices, but rates are still higher compared to the previous year, according to the online source Property Wire , Referring to the latest data on the apartment price index company Ober-Haus for October 2011 Apartments in Riga grew by 1.8% and the average cost per square meter is now 956 euros. Apartments went up slightly in the center of the Latvian capital. Local buyers are interested in mainly small two-bedroom apartments in new projects. During the year, the average cost of an apartment here has increased by 5.3%, and from May 2007 to October this year, the price has fallen to 58.8%. According to the index, in October 2011, the average price of apartments in Tallinn fell by 4.2% after increasing 7.4% in September. Compared to last year the average price rose by 8.9% to 1082 euros per square meter. m. The number of sales in the capital of Estonia from January to October of this year fell by 1.4% compared to last year. From April 2007 to October 2011 at the apartments in Tallinn prices fell by 36.6%. The price of flats fell by 0.2% and the average cost per square meter is now 1207 euros. Lower prices were recorded in the sector of secondary apartments, and the price of new apartments has not changed. In annual terms, the cost of apartments declined by 1.9% in September, this figure was 2.4%. In the Lithuanian capital in the period from 2007 to October 2011, apartment prices fell by 39.2%. A slight decline in prices is also observed in other cities of Lithuania: Klaipeda - 0.2%, in Siauliai - 0.5%. Almost at the same level were prices in Kaunas and Panevezys. HomesOverseas.ru