Baltic real estate market ups downs and recovery
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Baltic Real Estate Market - Ups, Downs and Recovery. Saint Petersburg September 30th, 2011 Mr. Edgars Shins President of LANIDA CEO of LATIO Ltd. Latvia. Baltic States. A gate between East and West. ESTONIA. Tallin. Population – 414 , 353 people Residential sq.m –

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Baltic Real Estate Market - Ups, Downs and Recovery

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Baltic real estate market ups downs and recovery

Baltic Real Estate Market -Ups, Downs and Recovery

Saint Petersburg

September 30th, 2011

Mr. Edgars Shins

President of LANIDA

CEO of LATIO Ltd.

Latvia


Baltic states

Baltic States

A gate between East and West


Baltic real estate market ups downs and recovery

ESTONIA


Tallin

Tallin

Population –

414,353 people

Residential sq.m –

ca. 11.05 million

Commercial sq.m –

ca. 480,000


Price drop in tallin

Price drop in Tallin

From the beginning of the Real Estate crisis in 2007 prices have fallen in Tallinn by

41.4%


Sales price of apartments and sales volumes in tallinn and harju county between 2 004 and 201 1

Sales price of apartments and sales volumes in Tallinn and Harju county between2004 and 2011


Number of real estate bought by foreign citizens

Number of real estate bought by foreigncitizens


Baltic real estate market ups downs and recovery

LATVIA


Baltic real estate market ups downs and recovery

Riga

  • Population – 703,581

    people

  • Residential sq.m –

    25,177,800

  • Commercial sq.m –

    52,450,000


Major price drop in the world

Major price drop in the world

From the beginning of the

Real Estate crisis in 2007

prices have fallen by

75%


Fastest and highest price increase in the world

Fastest and highest price increase in the world

Between spring 2010 and spring 2011 in Latvia itwas the fastest and highest housing price growth in the world throughout the year

19.09%

From that moment till summer 2011 – “stagnation”

in real estate market


Sales price of standard type apartments and sales volumes in riga between 2 004 and 201 1

Sales price of standard-type apartments and sales volumes in Riga between 2004 and 2011


Baltic real estate market ups downs and recovery

Quantity of transactions with the real estate registered with the Land Registry(areaof a land parcel 1,500-5,000 sq.m.)


Number of real estate bought in latvia by foreign citizens between 2 009 2011

Number of real estate bought in Latvia by foreigncitizensbetween2009-2011


Baltic real estate market ups downs and recovery

LITHUANIA


Vilnius

Vilnius

Population – 539,000

people

Residential – 14,093 thous. sq.m

(227,756 privately owned flats)

only 564 new apartments in 2010;

750 expected to be built in 2011

Commercial – A and B class –

total 441,000 sq.m

Retail - 417,600 sq.m


Price drop in vilnius

Price drop in Vilnius

From the beginning of the

Real Estate crisis in 2007

prices in Vilnius for residential RE

have fallen by

~39%


Price increase in vilnius

Price increase in Vilnius

Between spring 2010 and spring 2011 in Vilnius was “sustainable” housing price growth throughout the year

5%


Average apartment price in vilnius eur sqm

Average apartment price in Vilnius (EUR/sqm)


Number of transactions in lithuania per month

Number of transactions in Lithuania (per month)


Average apartment price eur sqm 2004 2011

Average apartment price, EUR/sqm2004-2011


International comparison home ownership

International comparison – home ownership, %


How many years does it take to save the money for purchase of an apartment of 70 sq m

How many yearsdoesit taketo save the money for purchase of an apartment of 70 sq.m?


The average rent price in shopping centers

The average rent pricein shopping centers


Baltic real estate market ups downs and recovery

Thank you for your attention!

Mr. Edgars Shins

President of LANIDA

CEO of LATIO Ltd.

Latvia

Tel. +371 29205677

[email protected]

[email protected]

[email protected]


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