10:42

Wednesday, 10. March 2010

General

The analysts of Arco Vara group compose analyses of the real estate market, which give annual and quarterly overviews of the main tendancies on the market. Please refer to the next page to view our market analyses in pdf format. If You have any further questions or would need our service in Property Advisory, please don´t hesitate to contact us on info@arcovara.ee

Arco Vara in figures, by country 2006

 

Estonia

Latvia

Lithuania

Ukraine

Romania

Bulgaria

Area (thousands
of km2)

45

65

65.3

604

238

110

Capital

Tallinn

Riga

Vilnius

Kiev

Bucharest

Sofia

Population
(thousands)

1 344

2 287

3 390

46 988

22 303

7 970

Urban population

67%

68%

67%

67%

55%

70%

population of
capital (th)

400

728

553.6

2 682

2 300

1 378

population
of capital (%)

29%

32%

16.3%

6%

10%

17%

Largest cities in
2006 (no. of inhabitants-
thousand)

Tartu: 102
Narva: 67
Kohtla-
Järve: 46
Pärnu: 44

Dau-gavpils: 109
Liepaja: 86
Jelgava: 66

Kaunas: 361
Klaipeda: 187
Siauliai: 129

Kharkiv: 1470
Dnipro-petrovsk: 1065
Odessa: 1029

Iasi: 317
Timisoara: 307
Constanta: 307

Plovdiv: 708
Varna: 458
Burgas: 419
             

GDP
(millions of EUR)

13 234

16 180

23 721

70 000

97 718

25 100

GDP growth (%)

6.4
(Q3 2007) 

11
(Q2 2007) 

10.8
(Q3 2007)

8.6 
(Q2 2007)

5.9 
(Q3 2007)

6.6
(Q2 2007) 

Inflation rate (%)

6.4
(Q3 2007)

10.3
(Q3 2007) 

5.9
(Q3 2007) 

14.1
(Q3 2007) 

3.8
(Q2 2007) 

4.7
(Q2 2007)

Unemployment
rate (%)

4.2
(Q3 2007)

5.9 (Q3 2007) 

2.8
(Q3 2007) 

2.1
(Q3 2007)

3.9
(Q3 2007)

7.9
(Q2 2007) 

Average wage
(EUR per month)

697
(Q3 2007)

575
(Q3 2007)

565
(Q3 2007) 

190
(Q3 2007)

389
(Q3 2007) 

208
(Q2 2007) 
Personal income
tax (%)

21

25

24

15

16

10

Corporate
income tax (%)

21/79
for net distributed

15

15

25

16

10
VAT
(general rate) (%)

18

18

18

20

19

20
Land tax (%)

0.1-2.5

1

1.5

1

Decided by local council

0.15-0.30
Property tax or
building tax

0

1

0.3-1.0

0

0.1-0.2 (individuals)
0.25-1.5 (companies)

0.15-0.30
Currency,
exchange rate

EEK (1 EUR = 15.6466 EEK

LVL (1 EUR = 0.7028 LVL)

LTL (1 EUR = 3.4528 LTL)

UAH (1 EUR = 7.428 UAH)

RON (1 EUR = 3.603 RON)

BGL (1 EUR = 0.511 BGL)

Source: Department of Statistics of the Government of the Republic of Lithuania, Lithuanian Ministry of Finance, Central Statistical Bureau of Latvia, Bank of Estonia, National Statistical Institute of Bulgaria, National Institute of Statistics of Romania, National Comission of Prognosis of Romania, EUROSTAT, The State Committee of Statistics of Ukraine