Baltic growth on the cards

Retail turnover in Tallinn, Riga, and Vilnius is growing 10 percent per year, and if laws are introduced that restrict trading, delegates at the conference said they would further boost rents in existing retail centers. New residential property prices will also continue to increase, according to a presentation by Peter Gage Morris from Ober Haus. He expects the price of newly built properties to grow at five to 10 percent per year, which is still a healthy growth rate, if not the 25 percent of recent years. (Real Estate Newsletter)