Housing affordability in Baltics improves in Q4 2015 - Swedbank

  • 2016-03-09
  • BNS/TBT Staff
RIGA - Housing affordability in the capital cities of all three Baltic States improved in the fourth quarter of 2015, according to the latest Swedbank Baltic Housing Affordability Index (HAI). In Riga, the HAI increased by 4.7 points compared to the fourth quarter of 2014, reaching 160.1 points. The HAI in Tallinn grew 4.2 points to 153.4, and the HAI in Vilnius rose four points to 129.2. The HAI value of 160.1 for Riga means that household income in the fourth quarter of 2015 was by 60 per cent higher than needed for a housing loan that costs no more than 30 per...
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