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The highest price increase during the first six months of 2010 was established on Jugla and Āgenskalns – 19%.
Standard-type apartments, July 1, 2010
In June 2010 in general there was not observed the price increase in the housing estates of Riga in June 2010. In general the prices for the standard-type apartments in Riga increased in June on average for 0,2%. As far as this number is absolutely insignificant, it is considered as the price fluctuation and previous price increase is stopped. The prices insignificantly decreased on Teika, Ķengarags, Bolderāja and Iļģuciems, in its turn in other housing estates prices slightly increased. The highest price increase in June was observed in Mežciems, where the average price increase was 1,2%. The prices for the apartments continue to increase from September 2009 and by this moment they have increased on average by 23,6%. Still the middle of 2010 is marked as the general apartment price stabilization. In June the prices insignificantly increased just to the apartments of sa-called “the most liquid” series. In its turn the prices for the cheap Lithuanian project and Khrushchev-time houses have the tendency to decrease in some housing estates.
The prices for standard-type apartments increased on average for 15,5% from the beginning of 2010. The highest price increase during the first six months of 2010 was established on Jugla and Āgenskalns – 19%. In its turn the smallest price increase was observed in Pļavnieki – 12%.
In June there the number of the offered proposals decreased in general. In comparison with May when the increase was 12,4%, in June the proposals decrease was 5,1%. The number of proposals has been decreased for the first time after the five months of increase. Taking into consideration that the price increase has stopped in June and the number of the offered proposals decreased, it is indicative of the total market activity reduction.
More detailed information is available on the website of ARCO REAL ESTATE>>
13.07.2010.