Analytics, Latvia, Real Estate
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Thursday, 25.04.2024, 02:13
Activity in apartment transactions in Riga center grows in 2017
BC, Riga , 09.03.2018.
Print version
Print versionLast year the activity in apartment transactions in Riga center has grown by 21%, while the aggregate sum of these transactions increased by 26 %, according to real estate company Latio's review of the housing market in 2017.
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In the fourth quarter of last year the activity in the
apartment transactions in the Riga center remained at the same level as in the
previous quarter at 110-120 transactions a month. The sum, however increased by
15% to EUR 24 mln, which is the highest level in the past four years.
Transactions in apartments in the Riga center ensured 17% of
all apartment transactions in Riga compared to 15 % in 2016, while the overall
sum was at 19% compared to 18% in 2016.
Last year 47% of transactions were with apartments of up to
50 Square meters, 39% with apartments of 50-100 square meters, and 14% with
larger apartments.
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