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A SUMMER HEAT HAS STOPPED CHANGES IN THE REAL ESTATE MARKET

Company’s BALSTS observationts in June showed that there are not very significant changes in the real estate market compared with the previous month. Prices have stayed unchanged, slightly increased an activity of clients.

Report about market situation on February 2010
"THE ACTIVITY IN FEBRUARY COMES FROM BUYERS”

Series type apartments still are demanded in the real estate market.  The activities of  the buyers are in the high level.
Annual review 2009
2009 has been a year of price stabilization. This is the first time in 2,5 years there has been price growth. Since price decline in year 2007, real estate drop of prices has increased average to 75 %. That has ranked Latvia in first place in Europe.
Balsts

The history of the company Balsts goes back 17 years, to the date of its formation, March 13th, 1992. Based on the highest standardsof client service, Balsts has grown to be one of the largest real estate agencies in Latvia. During this history, the company has successfully survived several economic emergencies, for example, the bank collapses of 1995, the Russian crisis of 1998, and internal business crises of 2003. Year in and year out, our Company has always held as its most important principle the quality of client service. In 2007 Balsts undertook a change of corporate style. The symbol of the company's identity is now the whale, representing solid and stable support. In the same year, the business moved to new central offices, and opened branches in Sigulda, Pardaugava, and Teika.

Substantial investment went into these developments, so that when the real estate national and global recession came, the owners of the company were required to make a difficult decision - to reorganise the business. Today, we offer you continuing service and support of the highest quality through our two companies Sia Balsts Expert and Sia Balsts Agents. These represent the two corporate activities, real estate agency and valuations. Both companies are united under the trade mark Balsts. We wish to thank our clients for their confidence in us. We assure you that you will always find with us the best service, warmest smiles, and tastiest coffee.

For, we never forget that good feeling when we help you, and you say thank you. At that simple and sincere moment, we know that our work has not been in vain. That feeling supports us all, in everything we do.

Yours Balsts



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