Several areas of Riga showed an increase in real estate prices

April 22, 2015

Several areas of Riga showed an increase in real estate prices

Cheap serial apartments in the capital of Latvia grew by 1.9% in March 2015 y-o-y, reached €640 per square meter, while in Q1 2015 a growth was only 0.5%. Such apartments' buyers don't usually get mortgage loans, and it promotes a positive price dynamics, according to the Arco Real Estate company' survey.

The biggest average apartment price increase per 1 sq.m in Riga residential areas since the beginning of 2015 has been observed in Ķengarags (+1.7%; €604/sq.m) and Āgenskalns (+1.7%; €688/sq.m). Also, the prices in the biggest part of other Riga residential areas increased during this period. The price level decreased in Teika (-1.8%; €784/m²), Imanta (-1.4%; €666/m²) and Pļavnieki (-0.3%; €662/m²).

Several areas of Riga showed an increase in real estate prices | Photo 1 | ee24

Source: arcoreal.lv

 

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