April 22, 2015
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).