Latvia, Real Estate
International Internet Magazine. Baltic States news & analytics
Saturday, 20.04.2024, 07:02
Ober-Haus: apartment prices in Riga increased 4.3% in October y-o-y
Print version |
|---|
According to Ober-Haus specialists, apartment prices in residential suburbs of Soviet-era apartment blocks have begun to gradually increase, which can be explained by the transition to the euro.
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 30,000 for one-room apartments, EUR 32,000 to EUR 40,000 for two-room, EUR 36,000 to EUR 47,000 for three-room, and EUR 45,000 to EUR 52,000 for four-room apartments.
In October, there was an increase in the number of residents looking to move into newer and larger apartments in the most popular Riga suburbs for their families. The average price of such apartment are between EUR 640 to EUR 760 per square meter.
This past October, there was also a 15% increase in apartment deals, compared to the previous month.
«The Baltic Course» Is Sold and Stays in Business!
