Latvia, Real Estate
International Internet Magazine. Baltic States news & analytics
Thursday, 18.04.2024, 11:34
Apartment prices in standard design Soviet era houses in Riga up 0.4% in October
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In the
secondary property market, apartment prices went up 0.1% over the month in the
city center and increased by 0.2% in Riga Region.
Apartment prices in new residential projects went up
0.1% in downtown Riga and climbed 0.3% in the residental neighborhoods. In Riga
Region, the prices of new apartments rose 0.2% and in Jurmala new apartments
dropped in price by 0.3%.
The market price indicator for October 2017 was based
on monitoring results provided by Ober-Haus, Latio and Balsts real estate
companies.
According to the information provided by the real
estate companies, in October 2017, the average apartment price in new projects
was EUR 2,720 per square meter in the city center, EUR 1,341 per square meter
in Riga’s residential neighborhoods, EUR 862 per square meter in Riga Region
and EUR 2,793 per square meter in Jurmala.
In October, the average price in the secondary
apartment market was EUR 1,455 per square meter in the city center, EUR 762 per
square meter in Riga’s residential neighborhoods, and EUR 512 in Riga Region.
The average price of private houses was EUR 1,168 per
square meter in Riga’s residential neighborhoods, EUR 899 per square meter in
Riga Region and EUR 1,350 in Jurmala.
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