The Ober-Haus Baltic Apartment Price Index indicates prices are not showing signs of a recovery, and values for properties are seesawing in the region’s biggest cities. With the exception of a few pockets showing slight improvement over last year, prices everywhere have been gutted compared to the market peak in 2007. Vilnius prices are still 39% below what they were in 2007, and Riga is experiencing prices as low as 60% below the peak. Investors have been showing interest due to the low prices, particularly in bank-seized apartments. For more on this continue reading the following article from PropertyWire. (via Baltic Apartment Prices Still in Slump)

The Ober-Haus Baltic Apartment Price Index indicates prices are not showing signs of a recovery, and values for properties are seesawing in the region’s biggest cities. With the exception of a few pockets showing slight improvement over last year, prices everywhere have been gutted compared to the market peak in 2007. Vilnius prices are still 39% below what they were in 2007, and Riga is experiencing prices as low as 60% below the peak. Investors have been showing interest due to the low prices, particularly in bank-seized apartments. For more on this continue reading the following article from PropertyWire. (via Baltic Apartment Prices Still in Slump)

Enhanced by Zemanta

Riga Price index Price Latvia Estonia Travel and Tourism Baltics Baltic states