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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. 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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  1. Baltic Real Estate Market -Ups, Downs and Recovery Saint Petersburg September 30th, 2011 Mr. Edgars Shins President of LANIDA CEO of LATIO Ltd. Latvia

  2. Baltic States A gate between East and West

  3. ESTONIA

  4. Tallin Population – 414,353 people Residential sq.m – ca. 11.05 million Commercial sq.m – ca. 480,000

  5. Price drop in Tallin From the beginning of the Real Estate crisis in 2007 prices have fallen in Tallinn by 41.4%

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

  7. Number of real estate bought by foreigncitizens

  8. LATVIA

  9. Riga • Population – 703,581 people • Residential sq.m – 25,177,800 • Commercial sq.m – 52,450,000

  10. Major price drop in the world From the beginning of the Real Estate crisis in 2007 prices have fallen by 75%

  11. 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

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

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

  14. Number of real estate bought in Latvia by foreigncitizensbetween2009-2011

  15. LITHUANIA

  16. 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

  17. Price drop in Vilnius From the beginning of the Real Estate crisis in 2007 prices in Vilnius for residential RE have fallen by ~39%

  18. Price increase in Vilnius Between spring 2010 and spring 2011 in Vilnius was “sustainable” housing price growth throughout the year 5%

  19. Average apartment price in Vilnius (EUR/sqm)

  20. Number of transactions in Lithuania (per month)

  21. Average apartment price, EUR/sqm2004-2011

  22. International comparison – home ownership, %

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

  24. The average rent pricein shopping centers

  25. Thank you for your attention! Mr. Edgars Shins President of LANIDA CEO of LATIO Ltd. Latvia Tel. +371 29205677 edgars@latio.lv lanida@lanida.lv latio@latio.lv

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