Accommodation in Latvia has risen in price since the beginning of the year by over 13%

08.11.2010 16:34
Accommodation in Latvia has risen in price since the beginning of the year by over 13% Prices of typical housing in Latvia since the beginning of the year rose by more than 13% - an average of 580 euros per square meter, according to the report of the Riga company Ekocentrs.

"This amounts to 34% from peak - April - prices in 2007, when the price per square meter reached 1.72 thousand euro", - stated in the materials of the company.

Thus, at present the Latvian residential real estate is worth 66% less than in the spring of 2007.

According to realtors, the market today there is a distinct lack of studios and one bedroom apartments with repair and expressed demand by the Russians and citizens of CIS countries.

"In the sphere of interests of this group of buyers - Jurmala, and the quiet center of Riga. And if Jurmala more watched in the summer, the fall of the center of Riga - out of competition" - the report said.

As experts explain, Russians in Latvia mostly interested in an apartment worth 100,000 euros and more with two or three bedrooms in the beautiful buildings that give the opportunity to apply for long-term residence permit. "
www.zagorodna.com

Content tags: Overseas property Housing
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