Swedbank: The housing affordability index for Baltics

SwedbankThe housing affordability index (HAI) increased to 133.2 in Vilnius, 151.8 in Riga, and 150.6 in Tallinn

  • In Tallinn, affordability rose marginally by 1.4 points in the second quarter this year compared with the same period in 2014, due to a 33-basis-point decrease in interest rates.
  • In Riga, the HAI increased by 10.1 points because wage growth continued outpacing apartment price growth; moreover, interest rates decreased by 16 basis points as well.
  • In Vilnius, the HAI rose by 15 points because of a 55-basis – point decrease in interest rates and a 1.4% decrease in apartment prices.
  • The time needed to save for a down payment increased over the past year by almost one month in Tallinn, to 29.1 months, but decreased by one month and three weeks in Vilnius, to 35.7 months, and by one month and more than one week in Riga, to 26.3 months.

haiq2

Housing Affordability Index for Baltics – September 2015

Lisa kommentaar

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

*

46 + = 52

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!