"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.
Related article: Forecast: Real estate remains the method of suicide MoneyThus, 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. "