Tallinn apartment prices rise as Eastern Europe markets stabilise


Apartment prices in Tallinn are on the up, according to new figures. Values of flats in Estonia's capital city jumped by 1.4 per cent in September, according to Ober-Haus Real Estate's price index.

The average price is still 1.4 per cent below last year, but the figures show signs of the country's real estate starting to stabilise – and not just in Estonia. The whole of Eastern Europe is at it, with property prices jumping up in Polish and several Baltic markets.

In Riga, prices edged up by 0.1 per cent in September, leaving values 5.4 per cent above last year. Transactions have also surged by 29.6 per cent in the first nine months of 2012 compared to 2011.

In Poland, prices are dropping, but the decline is slowing down: apartment prices in Gdansk slipped by 0.8 per cent last month, by 0.4 per cent in Warsaw and by just 0.1 per cent in Lodz.

In Vilnius, apartment values slipped by 0.4 per cent, but while prices are still faling, sales are on the up: transactions have risen by 5.3 per cent in the first nine months of the year compared to last.

(via Property Wire )