Baltic property prices stable with tallinn experiencing an unexpected surge

Apartment prices in the main cities in the Baltics are stable with Tallinn showing a surge in prices and sales last month, according to the latest Ober-Haus Baltic Apartment Price Index.

After a 0.1% increase in August prices of apartment in Vilnius remained stable in September at €1,209 per square meter. It means that year on year prices has decreased by 2.4%.

Sales activity in the region’s housing market normally increases in autumn but there is no sign of that happening in September as no major changes in apartment prices were seen in any major Lithuanian city.

Since their peak in December 2007 apartment prices in Vilnius have fallen by 39.1%.

Source: Property Wire