In March 2016 the volume of real estate sales in Riga increased by 23% compared to the same period last year - and 11% compared to February of this year, according to portal Baltic Course with reference to the real estate agency Balsts data and information agency LETA.
Director General Balsts Aigars Zarins said that the market activity is high, and sales grow for the third consecutive month.
"The increase in the number of transactions associated with a low but steady rise in prices, and buyers are aware of the fact that in the future prices will rise" - he says.
In March, the apartment sold Soviet period in Riga, at the price of ˆ 676 per square meter. The highest prices were recorded in the area take - here the price of the "square" of ˆ 812. The lowest cost - in Bolderaye, ˆ 467/1 square. M. Prices for apartments here dropped by 0.21%, while in other areas - rose from 0.13% to 1.55%.
As for the cost of apartments in new buildings, it currently amounts to an average of ˆ 1000- ˆ 1750 per "square" and from ˆ 1450 to ˆ 3800 in the city center.
Also increased interest of tenants in private houses in Riga. They are ready to pay ˆ 1000- ˆ 2000 per month for a new home with the repair of 200-250 square meters. m in the Riga region - and ˆ 400- ˆ 700 per month for rent apartments here.
Riga office rental will cost ˆ 15- ˆ 25/1 sq. m in the city shopping malls and from ˆ 20 to ˆ 50/1 sq. m in the old town.
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