Analytics, Latvia, Real Estate

International Internet Magazine. Baltic States news & analytics Tuesday, 26.05.2020, 12:39

Apartment prices in Soviet-era standard design houses up 0.6% this year - Arco Real Estate

BC, Riga, 17.04.2019.Print version
In March this year, apartment prices in Soviet-era standard design houses in Riga rose 0.4 % against February and increased 0.6 from the beginning of the year, Arco Real Estate said in its latest report on the situation in the standard-design apartment market, citin LETA.

The average price of the standard-design apartments in March 2019 grew to EUR 802 per square meter but still remained 51% lower than in July 2017 when the average price of a non-renovated Soviet-era apartment hit all-time-high of EUR 1,620. Compared to the beginning of 2018, the average apartment price rose 5% in March 2019.

In March this year, prices rose for single to four-room apartments. The average price of a square meter went up 0.3% for single-room apartments, 0.4% for double-room apartments, 0.8% for three-room apartments and 0.1% for four-room apartments.

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