„ Comparing with previous month there is a
fall of prices for series-type
apartments in Riga
for 1,5%. The average price for series-type apartments in Riga is 645
Eur/m2. For apartments in the center prices are within 1000 – 1150 Eur/m2, depending
and location. There is no change in clients interest about 2-3
room apartments. In the sales segment there is a smaller number of offers, activity
from clients has shrunk, comparing with December,” the Real Estate Market in
December rates the company’s CEO Aigars Zarins.
In the rental segment, comparing
with November, there is a drop of prices for 1,5%. This can be explained by the
fact that the activity from clients varies. Rental prices for 10% has dropped
in the Old town due to luck of parking. In December there was great interest
about short-term rent exactly in holiday period, also for qualitative apartments
„In this month
in commercial segment most demanded were cafe, restaurant and shop spaces in
the center of Riga
and Old town, in the area from 50-100m2. Prices for these spaces varies from
10-17 Eur/m2, depending on their condition and location. In
the suburbs and closest districts of Riga there is interest about storage and
production premises with heating, which prices are from 1,5-3 Eur/m2.
with November, demand has increased for the land for commercial construction in
the region of Riga.
Businessmen better prefer to buy the land and to build on their own, no to buy
industrial objects that are ready”, market situation explains Aigars Zarins.
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