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The real estate market of the Baltic States is recovering

12.10.2010
Homesoverseas.ru editorial office
60
In the second and third quarter of this year, housing prices in the capital cities of the Baltic states went up again after the collapse, caused by the global financial crisis - said in a consulting company Ober Haus report. In particular, in Riga in the past 12 months, apartment prices rose by 6.7% to reach 906 euros per sq.m. However, despite this growth, they are 61% below their peak indicators in May 2007. In the capital of Estonia is 17.6% increase in the number of real estate transactions, and the average cost of housing has risen to 921 euros per square meter. m., but also in Latvia is still very far from the peak, when housing prices were 46% higher. In Vilnius, the past 12 months, housing prices fell by 4.9%, but in the last 4 months was marked by growth, so investors can count on a further increase in the cost of housing in the Lithuanian capital. On this Site: www.propertywire.com
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