Latvia, Real Estate
International Internet Magazine. Baltic States news & analytics
Thursday, 25.04.2024, 21:25
Apartment prices in Soviet-time houses in Riga up 2% in June
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In June, prices in the secondary apartment market rose by 0.1% for
apartments in downtown Riga and dropped 1.5% for apartments in Riga Region.
Apartment prices in new residential projects in the city center dropped in
price by 4 over month, while prices of new apartments in residential
neighborhoods climbed 2%. In Riga Region, new apartments declined in price by 1%
and in Jurmala by 0.2%.
The market price indicator for June 2017 was based on monitoring results
provided by Ober-Haus, Latio and Balsts real estate companies.
According to the information provided by these companies, the average
apartment price in new projects was EUR 2,807 per square meter in the city
center, EUR 1,327 per square meter in Riga’s residential neighborhoods, EUR 881
per square meter in Riga Region and EUR 2,700 per square meter in Jurmala.
In June, the average price in the secondary apartment market was EUR 1,455
per square meter in the city center, EUR 748 per square meter in Riga’s
residential neighborhoods, and EUR 520 in Riga Region.
The average price of private houses was EUR 1,114 per square meter in
Riga’s residential neighborhoods, EUR 878 per square meter in Riga Region and
EUR 1,400 in Jurmala.
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