the segment of apartments, comparing with previous month, there are no
variations of price. The average price for series-type apartments in Riga stays constant 645
Eur/m2. For apartments in the center average price varies from 1000 – 1150
Eur/m2, depending on the apartment's condition and location. The
greatest interest in January from clients were for 3-room apartments in Jugla.
Teika and Purvciems most demanded were 2- room and 3- room apartments, while in
Pardaugava most demanded were 4- room apartments. In the segment of apartments,
comparing with December, has increased the number of costumers, who were
interested in 4-istabu apartments,” the Real
Estate Market in January rates the company’s CEO Aigars
apartments 300Ls and
for 3-room apartments - 400Ls. Still the most expensive are apartments in the
part of the center, where most embassies are located. For these apartments,
which are in good quality and with
modern infrastructure tenants should pay from 5 to 7Ls/m2.
Activity in rental market January has increased,
because many foreign students have been actively seeking for residence in Riga. The greatest demand
has been for apartments in new projects and for apartments in the city center. The
city center apartment rentals in January has stayed at the same level as in
December. The average price in new projects for 1-room apartments without is utilities was 250Ls, for 2-room
„ January in commercial segment has tourned out as a month
with high costumer activity and stabilization of prices. For 15% has
increased number of clients, who are seeking for premises for their commercial activities.
Average price for premises in the center of Riga and Old town with are from 50-100m2
varies from 10-17 Eur/m2, while average
price for storage and production premises in
suburbs and closest districts of Riga
are from 1,5-3 Eur/m2.
activity in January has only increased, entrepreneurs
are actively showing their interest for real estate in commercial segment. The
great demand is for the land for commercial
building in the are of Riga..
Businessmans are buying land, to build their own industrial
objects,” market situation explains Aigars Zarins.
information you will get:
Mob.: + 371 67076191
Fax: + 371 67076199