Good for Business, Latvia, Real Estate

The average price of non-renovated Soviet-era apartments in Riga remained unchanged in October and amounted to EUR 578 (LVL 404.6) per square meter, writes LETA/Nozare.lv.

The prices of non-renovated Soviet-era apartments in Riga's most popular suburbs, such as Teika, Purvciems, Plavnieki, Ziepniekkalns, Imanta and Agenskalns, ranged from EUR 18,000 to EUR 27,000 (LVL 12,600 to LVL 18,900) for one-room apartments, from EUR 24,000 to EUR 36,000 (LVL 16,800 to LVL 25,200) for two-room, from EUR 30,000 to EUR 43,000 (LVL 21,000 to LVL 30,100) for three-room, and from EUR 40,000 to EUR 47,000 (LVL 28,000 to LVL 32,900) for four-room apartments.

In October, the greatest activity was recorded among local buyers who were interested in two-room apartments for an average price of EUR 30,000 (LVL 21,000).