Analytics, Latvia, Real Estate
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Friday, 19.04.2024, 23:12
Apartment prices in Soviet-era standard design houses in Riga off 0.5% in H1
BC, Riga, 10.07.2020.
Print version
Print versionIn June this year, apartment prices in Soviet-era standard design houses in Riga dropped 0.3% from May and declined 0.5% from the beginning of the year, Arco Real Estate said in its latest report on the market of standard-design apartments, informed LETA.
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The average price of the standard-design apartments in June
2020 was down to EUR 815 per square meter, or about 50% 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 2019, the apartment prices rose
2.2% in June 2020.
The highest prices at EUR 957 per square meter remain in
Teika, while the lowest prices at EUR 585 were recorded in Bolderaja.
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