Baltics 'in the doldrums'?

Baltics 'in the doldrums'?

Thursday, March 20, 2008

New figures have revealed that house prices in the Baltics are on the slide…

The fortunes of the Baltic countries appear to have turned around. Riga, the capital of Latvia, which only 6 months ago headed up the Knight Frank Global House Price Index with a year on year growth rate of just under 40%, is now one of the worst performers in the index.

Prices in the capital fell by 7.1% over the course of the year. Uncertainty over employment prospects, high levels of household indebtedness, and rises in interest rates to combat inflation have all contributed to ending the property market boom seen over recent years.

Mortgage interest rates increased substantially during 2007: the interest rate on a one year fixed rate mortgage deal had risen from 6.2% in January to 14.3% in December.

Estonia is equally in the doldrums, with a 14.5% fall in prices over the course of the year. Lithuania has fared slightly better, and the rate of growth remains positive, albeit barely, at 0.9%.

CLICK HERE TO PRINT THIS PAGE

CLICK HERE FOR OUR FULL NEWS ARCHIVE

Get this news on your website !

If you have a website, whether it is a personal homepage or a fully fledged estate agent service, you can get our news headlines included on your site. Both these newsfeed services give you the option of having the full news content from TheMoveChannel.com - not just the articles that appear on country subdomains such as this one:

Premium service

For just £25 / month, you can now have your own customised news service on your website. With the XML-based service, articles actually appear on a page on your site, making this a sticky feature that won't result in your traffic leaving. You have control over the display format to show your choice of headlines, dates and short article introductions and can apply your own style sheet or control the display format with XSL sheets. Finally, you can also set your subject preferences so that your feed only displays articles which are relevant to your site audience.

Premium Ultra service

For £40 / month you get all of the above, plus a fully functioning easy to use online admin system that allows you to add your own stories and articles into your news service.

Whether you want to post features, news of new properties or updates regarding the activity of your business, you can drop them in as frequently or as rarely as you like - everything integrates seemlessly. This allows you to have a more active involvement in the updating of your website, without the need to pay any external companies to do the work for you.

CLICK HERE FOR MORE INFORMATION

Top News Stories:

Top of the Props – April 2008
5/9/2008 - Interest in the UAE from visitors to TheMoveChannel.com has soared over the last month...

Investment Property Watch - April 2008
4/14/2008 - There were surprises galore in TMC's 'Investment Property Watch' for March...

Baltics 'in the doldrums'?
3/20/2008 - New figures have revealed that house prices in the Baltics are on the slide…

Sponsored listings:


All countries	Romania	Bulgaria	Croatia	Czech Republic	Slovakia	Poland	Hungary	Latvia	Germany	Investment


Privacy policy Terms of use Support Bookmark now! Estonia index						TheMoveChannel.com is a protected Trademark. Copyright © 2000 - 2008 On The Move Ltd. All rights reserved.