• At the end of Q1 2020, some of the more than 5,600 short-term rental apartment unit owners across the Baltics are expected to shift to long-term rental business, due to travel restrictions in the region, putting pressure on long-term rent rates.
  • New residential development activity is decreasing, with some of major residential developers in the Baltics postponing construction starts, due to uncertainty in the market, a shortage of workforce and supply issues for materials, at the end of Q1 2020.
  • In 2019 total new development deliveries in the Baltic capitals were over 10,000 dwellings, for the second consecutive year, reflecting about the same amount as in 2018 and 19% more than in 2017.