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Baltic capitals register property price rises

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Baltic capitals register property price rises - property price - Baltic Capitals

Property prices have risen in the Baltic Capitals of Riga and Tallinn in the last 12 months, according to the latest figures released by real estate advisors Ober-Haus.

The company’s Baltic apartment price index found that property prices in Riga (Latvia) have risen by 5.3% in the last year, while property prices in Tallinn (Estonia) have risen by 4%.

The rising cost of apartments in both cities shows a growing trend for investment in Eastern European property, which has largely avoided the problems of the Eurozone and is beginning to establish itself as a potentially solid area for investment. Ober-Haus found that apartment sales have risen by 32% in the last year in Riga, while 649 apartments were purchased in August in Tallinn, the largest number since the spring of 2008.


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