In Q1 2014 the average price of houses in Latvia sold by Ektornet amounted to €85,000, which is by €9,000 more than in the last year. Apartment prices haven't changed, new apartments came to €76,000, apartments in serial housing came to €48,000, according to ee24.com citing baltic-course.com.
Andris Kovalchuks, chairman of the agency Ektornet, is considering the positive statistics as "a step in the direction of the real estate market recovery," and the indicator of the appearance of optimism among buyers. However, the average amount is still several times lower than the cost of real estate needed to obtain a residence permit in Latvia. Recall that since 1 September it will be €250,000.
In Riga, the most popular areas were Mežciems, Ziepniekkalns and Zolitūde, and most popular residential development - Līduma iela 8A, which was considered by ee24.com in a review of new buildings in Riga.