Property prices in the Baltic’s have hit a wall after showing some improvement earlier in the year, according to the Ober-Haus Baltic Apartment Price Index.

The Index revealed that prices of apartments in Vilnius, Lithuania, dropped 0.2% in July, with the average price falling to Litas 1,194sqm, (£275sqm). The number of apartment sales slowed – showing a marginal 0.7% increase in the first half of the year. Year-on-year, apartment prices were down 1.2%.

Apartment prices in Riga, Latvia, were stable in July with average prices showing no change.

However, prices in Tallinn, Estonia, bucked the trend, rising 7.6% in the first half of 2012, compared to the same period a year ago. Sales have shown a 30% surge in the first half of the year, while transaction values showed a quarterly and annual increase.

Ober-Haus predicts the number of sales will increase during the third quarter, with property prices staying stable.