Latvia, Real Estate
International Internet Magazine. Baltic States news & analytics
Monday, 31.03.2025, 19:17
Apartment prices in Soviet-era houses in Riga climb 8.1% in November
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The average apartment price in Soviet-era standard design houses grew to
EUR 766 per square meter in November, but stayed EUR 52.9 below the all-time
high recorded in July 2017 when the price of a non-renovated Soviet-era
apartment averaged at EUR 1,620. Compared to the beginning 2016, the average
apartment price had risen 16.4% in November 2017.
“In Riga’s largest neighborhoods, apartment prices rose also in November,
but the increase was small. Insignificant price hikes were recorded in nearly
all residential neighborhoods of Riga,” Arco Real Estate said, adding that
market activity traditionally slows towards year-end.
In November 2017, prices rose for single to four-room apartments. The
average price of a square meter went up 0.1% for single-room apartments, 0.3%
for double-room and three-room apartments and 0.4% for four-room apartments.
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