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AS WE APPROACH THE SUMMER, THE NUMBER OF TRANSACTIONS IN THE CENTER OF RIGA INCREASES


After the real estate company BALSTS observations in April, it shows that- towards the summer, increases the real estate sales transactions in the center of Riga. Russian citizens interest in the residence also has grown.

Comparing the number of transactions in the center of Riga in April this year with the previous year, it has has grown by 100%. Such tendencies shows a clear improvement in the market. .

           Observing the last months tendencies, as well as the Land Registry data, theres expected a further increase in number of transactions. In February 2011 the number of transactions was 36% higher than in January 2011,and relevant - March 2011 it was 24% higher than in February 2011.

         Approaching the summer, Russia's citizens has a increased interest in the Latvian real estate. More and more foreigners are interested in presentation of a residence permit.

           In the segment of apartments, average prices have not changed. They are 645 / m2 for apartments in housing estates and1100 / m2 for  apartment in the center of Riga.

          In the segment of rentals,shows a slight increase in prices by 5-10%, associated with the expiry of the heating season and the potential increase of tenant activity. Already, for the summer season are reserved all of the best deals in Jurmala. For this reason, there is a possibility that the remaining offers for rental prices will rise significantly, because many will be willing to pay more for the allow to settle down near the sea in summer months.

  

More information you will get:

BALSTS, Audeju Street 8,

Mob.: + 371 67076191

Fax: + 371 67076199

info@balsts.lv, www.balsts.lv

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