News

Residential market heading for a slowdown

May 12, 2020

According to Baltic Residential Marketview 2019/2020 of CBRE Baltics, after stable growth in 2019, the residential market is likely to slow down in 2020.

In 2019 there was high development activity in residential sector, especially in Tallinn and Vilnius, right now it is clear that during 2020 Baltic market will face a slow down, both in dwelling sales and development. Total value of residential market transactions in 2019 were close to EUR 3 bln and increased by 15% compared to 2018. Ongoing global situation already is putting downward pressure on asking rent rates in all three Baltic capitals, increasing long term rental apartment supply. In terms of new construction apartment asking prices Tallinn is leading the market, followed by Vilnius and Riga.

To view Baltic Residential Marketview 2019/2020

< Back to News

Categories

Eversheds Sutherland Bitans

Feedback

We joined AmCham as a community of shared values to expand our access to global competencies and to foster the quality of the health ecosystem.

Agrita Kiopa, Vice Rector for Science, Riga Stradins University

We are very pleased to be part of AmCham and are looking forward to driving innovation forward in Latvia.

Mikko Fernström, General Manager, Biogen Latvia