Get the latest
offers!
DECREASE IN PRICES FOR SELLING SPACES UP TO 50%.

25 November 2008

The largest decrease in prices in 2008 was for selling spaces for which the rental payment has decreased by up to 50%. At the moment, the choice of selling spaces in Riga is large, even on the main streets of the city where there was a shortage of premises some time ago. Such a choice of premises in the most advantageous locations had not been observed for already a couple of years.
MORE DIFFICULT TO SELL LARGE APARTMENTS.

27 October 2008

The increase in municipal payments has made selling of large apartments even more difficult because the interest of buyers in such apartments is shrinking by each month. Within the past month the prices for apartments in block buildings have dropped by another 3.8% down to EUR 1179 per square metre.

THE MOST RAPID FALL IN PRICES FOR HOUSES AND LAND

25 September 2008

In the first three quarters of this year, the largest fall in prices was experienced in the house and land market in Riga and its suburbs. This year, the prices in these market segments have decreased by 20–25%. At the same time, the average price of secondary apartments has decreased by 15.5% this year.

IN SUMMER PERIOD THE NUMBER OF RENT TRANSACTIONS INCREASES BY 50%

25 August 2008

 The data of the real estate company “Balsts” indicate that during the summer period the number of rent transactions has increased significantly, i.e. by 50%. At the same time, the prices of standard design apartments continue to decrease, the rate of the price fall being increased. In August, the average price of standard design apartments had decreased by 2.8%, reaching the level of EUR 1255 per square metre.
NUMBER OF DEALS OF "BALSTS" INCREASES BY 8.2%.


June 25 2008

When comparing the 1st half of 2008 with the same period of the previous year, the number of deals of the real estate company “Balsts” has increased by 8.2%. The largest increase has been in rental and lease segments – if compared to the previous year, the number of deals has grown by 25%.

FIRST FOUR MONTHS OF THE YEAR BROUGHT PRICE CORRECTIONS IN ALL MARKET SEGMENTS

26 May 2008


With an increase in supply both in lease and rent segments, and also in secondary market segments, supply has outpaced demand, thus causing price corrections in all segments of the real estate market.
"BALSTS" INTRODUCES A NEW METHOD OF REAL ESTATE SALES
The real estate company Balsts in cooperation with Nordea Bank has started to sell housing by applying the method widely used abroad - Open housing. Open housing means that the real estate with the respective indication is open to visitors during the whole day, be that potential buyers or ordinary passers-by.
FIRST QUARTER TO CLOSE ON A POSITIVE NOTE

24 April 2008

“Although the average price for apartments in block buildings fell in April by 1.3%, the first quarter of the year closed on a positive note in the company Balsts. The number of transactions in March compared to January has increased by 68%, which is a very positive indicator”, explains Aigars Zariņš, Chairman of the Board of SIA
 
BALSTS STARTS A REVOLUTION IN CLIENT SERVICE

17 March 2008

“As of April the branch offices of the company Balsts will be open for business six days a week, twelve hours a day. Improvement in client service is one of the priorities of our company, therefore it is planned to increase the number of employees this year, as well as to increase the turnover and extend working hours”, declares Aigars Zariņš, Chairman of the Board of SIA Balsts.
STAGNATION, MARKET SITUATION AND POTENTIAL SOLUTION

25 February 2008


The current hype in the mass media concerning the stagnation of the real estate market is rather groundless, since the observations and research last month carried out by the company Balsts resulted in identifying emerging spring-like activity.

FacebookDraugiem.lvTwitterYoutubeLinkedin

Property search
Operations:
Type of property:
City/District:
Area:
Street:
Number of rooms:
Price:
from to
Currency:
Area (m²):
from to
Balsts ID: