Swedbank: Will high affordability save the market?

SwedbankAt the start of 2020, the housing market in the Baltics was still unfazed by the pandemic. Overall housing affordability was high in all the capitals.

However, housing affordability in Tallinn and Vilnius decreased in the first quarter, compared with the same period of 2019, as apartment price growth outpaced wage growth. In Riga, the housing affordability index (HAI) value increased as wages grew more rapidly than apartment prices.

The COVID-19-induced economic shock will affect the housing market negatively, but sustainable growth during the past decade, low leverage and ample money supply mean that the price drop is likely to be modest and short-lived.

Lisa kommentaar

Sinu e-postiaadressi ei avaldata. Nõutavad väljad on tähistatud *-ga

*

42 − 41 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this:
Kas soovid värsket kinnisvarainfot meilile?

Sisesta e-posti aadress ja ole kursis kinnisvaraturu liikumistega!