Life not within four walls, but within four panels with window and door is becoming more expensive in Riga. Apartments in Soviet blocks of flats gained in price by 5% from the beginning of the year. Now they go for €625-630 per sq.m, according to ee24.com citing varianti.lv.
Back in December 2013, such an apartment in Riga could be bought for a price of €600 per sq.m. One-room apartments were worth just €23-30 thousand.
Now the serial housing is gaining in price. Buyers want to pay, make a deal and immediately live in their new property. As a result, the square meter of renovated apartments in Riga is already hard to find for less than €700.
To buy a decent one-room apartment in Riga, one should have at least €25 thousand. Popular two-room apartments are offered for sale for about €35 thousand.