The situation on the real estate markets of Eastern Europe will stabilize





09.12.2010 16:39
Real Estate Market Analysis | The situation on the real estate markets of Eastern Europe will stabilize Real estate markets of Poland, Estonia, Latvia and Lithuania there is an increase in prices in some areas, sales are growing.

According to Ober-Haus Real Estate Advisors, the largest real estate company in the Baltics and Eastern Europe, the November price fluctuations in residential property in Poland, Estonia, Latvia and Lithuania, was negligible.

In Poland, the dynamics of housing prices somewhat heterogeneous: in some areas, there lowering them in others - increase. Thus, the November price for apartments in Warsaw and Gdansk have risen by about 1% to an average of 1,953 euros per square meter. m

Average house prices in Estonia's capital in November 2010 amounted to 942 euros per square meter. m, which is 12,7% more than in the corresponding period last year.

According to information provided by the Riga branch of Ober-Haus, in November, housing prices in the Latvian capital, virtually unchanged, but activity in the market, according to both buyers and sellers, was quite high. If we talk about the dynamics of price indices over the past 12 months, the apartments have risen in price by 4,8%.

In Vilnius, the November price increase was 0.4%, and now the average price per square meter of living space in the city is located at around 1,189 euros. Over the past 6 months housing prices in the capital of Lithuania increased by 2,9%, reports Property Wire.

The other major Lithuanian cities, primarily in Kaunas, Klaipeda, Panevezys and Siauliai, prices continue to decline.
www.zagorodna.com

Content tags: Overseas property
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