The second stage of the residential development "Gypsum factory" in Riga, which was commissioned at the beginning of the summer, will be by 40% inhabited by Latvians. The developer is amazed by such a high activity of local investors, according to ee24.com citing varianti.lv.
Ralfs Jansons, head of Domuss, says that all the apartments and villas can be sold in 2014, ahead of schedule. Apartments are priced from €3,280 to € 10,767 per sq.m. The last of four villas is available for €3.183 million. Paradoxically, but the demand exceeded the supply, and for 2013 the cost of housing increased by 20-30%.
According to Jansons, law on a residence permit in Latvia does not need amendments such as the introduction of quotas and increasing the minimum value of the investment. It may lead to reduction in the number of jobs in Latvia.
Let us recall that the residential development "Gypsum Factory" is one of the best representatives of luxury real estate in the center of Riga. In one of the articles on ee24.com this project has been classified among the most interesting .