Latvia, Real Estate

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 10:42

Ober-Haus: Soviet-era apartment prices in Riga grew by 3.9% in August

BC, Riga, 10.09.2013.Print version
Compared to August 2012, the average price of pre-renovated Soviet-era apartments in Riga increased 3.9% to EUR 601 (LVL 420.7) per square meter in August 2013, according to the latest Ober-Haus real estate market overview, cites LETA/Nozare.lv.

The prices of pre-renovated Soviet-era apartments in Riga's most popular suburbs, such as Teika, Purvciems, Plavnieki, Ziepniekkalns, Imanta and Agenskalns, ranged from EUR 23,000 to EUR 29,000 (LVL 16,100 to LVL 20,300) for one-room apartments, EUR 30,000 to EUR 40,000 (LVL 21,000 to LVL 28,000) for two-room, EUR 32,000 to EUR 47,000 (LVL 22,400 to LVL 32,900) for three-room, and EUR 40,000 to EUR 50,000 (LVL 28,000 to LVL 35,000) for four-room apartments.

 

In August 2013, interest in apartments in Riga's suburbs remained unchanged and mostly came from local residents who wished to purchase 50 square meter apartments for an average price of up to EUR 35,000 (LVL 24,500).






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