Parts of the Baltic’s are seeing mixed fortunes in their real estate markets with some countries and cities reporting price rises and others where values continue to fall.

Apartment prices in Vilnius, Lithuania, remained stable in July with the Ober-Haus Baltic Apartment Price Index showing an average price of €1,208sqm, representing a fall of -2.8% over the past 12 months.

From the peak of the market in December 2007, to July of this year, apartment prices in Vilnius have dropped by a total of -39.1%.

Property prices in Kaunas, the second largest city in Lithuania, increased by 0.4% in July. No price changes were recorded in Klaip?da. Annually, prices are down by -2.8% in Kaunas and -2.9% in Klaip?da.

Apartment prices in Riga, Latvia, have also fallen, down by -0.2% in July. Local buyers are reported to be active in the city and are showing interest in small, economical one and two-bed apartments in the suburbs, or apartments in new projects located near the centre, according to Ober-Haus. For this reason, apartment prices have increased by 4.6% over the past 12 months.

However, from the peak of the market in May 2007 until July this year prices for apartments in Riga have decreased by -59.5%.

The average apartment price in Tallinn decreased 1.4% in July after increasing 0.9% in June, the index also shows. Compared to a year earlier, the average apartment price has increased 15.8% to €1,016sqm. From the peak of the market in April 2007, prices are still down by -40.5% however.