SEB’s Latvian housing price indicator continued up in May and now stands at five, indicating more people believe prices will move up over the coming 12 months than people who believe in falling prices.
In SEB’s survey, 26 per cent of respondents say they believe price will move up while 21 per cent believe prices will fall.
A year ago the indicator stood close to a negative 60, with almost none of the respondents believing in rising prices and more than 60 per cent projecting falling prices.