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4% increase in Soviet-era apartment transactions in Riga in Q4
BC, Riga, 19.02.2015.
Print version
Print versionIn the final quarter of 2014, compared with the previous quarter, there was a 4% increase in Soviet-era apartment transactions, which was the highest quarterly number of such transactions in 2014, reports LETA, according the latest real-estate market report by the Latio real-estate company.
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In the fourth quarter of last year, especially in October and November, there was high buyer activity for such apartments in Riga, which gradually slowed down by December.
Since apartment prices reached their lowest point in mid-2009, there has been a 31.5% increase in apartment prices since then.
42% of apartment transactions in the fourth quarter of 2014 was for Soviet-era apartments in the EUR 15,000 to EUR 30,000 price category.
Latio informs that interest and prices for Soviet-era apartment at the beginning of 2015 will remain at the previous level.
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