Financial stability in Latvia gradually improves, as a result, the banks look more positive to the granting loans for residential purchases. As existing apartment stock still do not match customer needs, deferred demand for new apartments, which came from years 2008 - 2011, becomes more perceptible. In second quarter of 2013 observed increasing of local buyer interest for apartments in the new projects owned by bank subsidiaries.
May of 2013 did not come up with new turns. 0.29 to 0.9% price increase were spotted in secondary apartments in Purvciems, Plavnieki and Ziepniekkalns. But 0.35 - 0.64% price drop were observed in Mezaparks, Mezciems Kengarags and Imanta. Average apartment price in Riga for May constituted 579 euros per square meter. BALSTS index remains unchanged for the fourth month - 131 points.
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Balsts ,Lacplesa 41,