+371 6736 5555

Number of apartments offered for sale in July 2011 in Riga City has slightly increased

  • The standard-type apartment prices are still decreasing a bit - by 0.3% on average.


Number of apartments offered for sale in July 2011

in Riga City has slightly increased

 

In July of 2011, certain price changes were observed in the standard-type apartment market. The standard-type apartment prices are still decreasing a bit - by 0.3% on average. The price drop was less than in the first six months and is to be considered as insignificant in total. The average price of standard-type apartments in July 2011 was 588 EUR/m². Since the beginning of 2011, the average prices of standard-type apartments have decreased by 3.4% in total.

 

In the beginning of 2011 the overall activity on the real estate market declined. Since the beginning of 2011 the standard-type apartment prices have shown the tendency of a small decline. However, the monthly price reduction is quite insignificant (0,3% in June and July) and this is more suggestive of price stagnation, not of price changes. The future market situation will depend on economic recovery and growth rates, as still a large number of potential home buyers are concerned about their financial stability in the near future, which hinders the increase in demand. Similarly, the growth of the housing maintenance expenditure exerts negative impact.

 

Number of apartments offered for sale in July 2011, compared with the level of the previous month, has slightly increased both in the largest housing estates analyzed by the ARCO REAL ESTATE +4.3%), and in Riga City in total (+4.6%). The number of apartments offered and located in the central part of Riga has also increased - by 6.9%.

 

Additional information >>


10.08.2011.

Recent offers

Read more >
Apartment For rent
2 ist., 2 no 3 st., 86 m2
Rīga, Ķīpsala
248 000 EUR / months
Read more >
Apartment For sale
1 ist., 3 no 4 st., 38 m2
Rīga, Centrs
72 000 EUR
Read more >
Apartment For sale
2 ist., 1 no 5 st., 35 m2
Bauskas novads, Bauskas pilsēta
26 600 EUR
Read more >
Apartment For sale
2 ist., 4 no 5 st., 38 m2
Rīga, Ķengarags
34 900 EUR
X

Recently viewed offers

&laqo; »
X

Sell or rent an object