Latvia, Real Estate

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 18:05

Real estate purchase transactions in Latvia increased by 12% in January-September

Nina Kolyako, BC, Riga, 15.10.2012.Print version
In the first nine months of 2012, real estate purchase transactions in Latvia increased 12% from the respective period in 2011, housing transactions – 25.6%, according to the analysis of Land Register data conducted by the real estate company Latio.

In January-September 2012, the number of apartment purchase transactions in Latvia grew 26.1%. The number of transactions involving private houses increased 23.7%, writes LETA.

 

Apartment purchase transactions in Riga grew 26.2% in the first nine months of 2012, transactions involving private houses – 17.7%.

 

The number of apartment transactions in Riga is significantly greater than the number of transactions involving private houses. Nearly 5,500 apartment transactions were registered in the first nine months of 2012, comprising almost 90% of all housing transactions in Riga.

 

In the vicinity of Riga, housing transaction numbers rose 15.5% in January-September 2012.






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