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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.
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.

INFORMATION ABOUT FOREIGN BUYERS’ HUGE INTEREST IS EXAGGERATED

Company’s BALSTS observations in july showed that the real estate market has picked up – people are looking for properties for their own use and investment purposes. Basically, customers are locals.

CLIENT ACTIVITY IN AUGUST HAS GROWN
Real estate company’s BALSTS observations in August showed that customer activity increased, particularly in a commercial segment. Real estate prices remained at the same level.
IN AUTUMN PROPERTY PRICES HAVE STABILIZED

Real estate company’s BALSTS observations made in September, shows that the situation in the real estate market has stabilized. In most of Riga property prices have remained at the same.
CLIENTS ARE READY TO OVERPAY, TO GET WHAT THEY WANT

Real estate company’s BALSTS observations in October shows that in some segments customer activity has clearly increased. Basically, prices have remained at the same level, but there are areas where is a sharp price decline.
PRICES FALL IN THE END OF THE YEAR

Real estate company’s BALSTS observations in December shows that, this is the first time when after a year price growth, at the end of the year prices are dropped. In the segment of Series-type apartments  prices has dropped average about 1,5%, but  in the rental segment up to 10%.

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