Analytics, Latvia, Real Estate

International Internet Magazine. Baltic States news & analytics Sunday, 06.04.2025, 00:08

Arco: serial apartment prices continue to grow in Latvia in 2015

BC, Riga, 03.06.2015.Print version
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Prices in April 2015 continued to grow in Riga's serial apartment market for the third month in a row. The market recovered after a price fall that was observed at the end of the last year, and reached the price level of September 2014 again, being at the position of EUR 641 per square meter, said Maris Laukalejs, board member of Arco Real Estate, adding that the previously made predictions have come true, cites LETA.

The biggest apartment average price increase per square meter in Riga's residential areas since the beginning of 2015 was observed in Jugla, (2.3% increase), Bolderaja (2.2% increase), and Agenskalns (2% increase).



 

 Prices in this period increased also in the biggest part of other Riga's residential areas. The price level decreased only in Teika (2.3% reduction), Imanta (1.2% reduction), and Plavnieki (0.8% reduction).

 

The most expensive apartments in April remained in the buildings of 119th and 104th series, where the prices for apartments in a satisfactory condition varied from EUR 39,000 to EUR 44,000, depending on their location.



 

The Lithuanian project houses were the cheapest, where the prices for two-room apartments varied from EUR 21,000 to EUR 30,000, as well as the Khrushchev period houses, where the price range for two-room apartments was from EUR 19,000 to EUR 31,000, depending on the residential area.





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