+371 6736 5555

Standart type apartment market overview | JULY

  • In July 2018, standard apartment prices in Riga housing estates increased slightly - by an average of 0.1%. The average price of standard-type apartments in July increased to 792 EUR/m². Since the beginning of 2018, standard-type apartment prices have increased by 3.2% overall.


In July 2018, the price increase was low. In most of the housing estates, changes in prices have not been observed for the second consecutive month. Similar to other years in the summer months, market activity declined. In Imanta, there was observed a slight decrease in the apartment average price (-0.1%). The price increase of apartments in the vicinity of Riga continued in both Ogre and Salaspils, where prices increased by 0.8% and 0.6%, respectively.

 

In the first half of the year, the supply of Riga's largest housing estates was steadily higher than in the first half of last year. However, in July, the supply was approaching the indicators of 2017.

 

The largest growth of the average 1 m² price of an apartment in the housing estates of Riga since the beginning of 2018 was observed in Teika (+ 5 %). Also in other major housing estates of Riga the prices increased this year. The slowest apartment price growth since the beginning of this year was observed in Imanta (+ 1.6 %).

 

In July 2018, the average price of a standard-type apartment increased to 792 EUR/m². The prices on average are by 51.1 % lower than on July 1, 2007, when the average price of a non-renovated standard-type apartment reached the highest ever value – 1 620 EUR/m².

 

In July 2018, supply of apartments in Riga compared to the previous month in total decreased by 2%. But the number of apartments offered for sale in the largest housing estates analyzed by ARCO REAL ESTATE decreased by 3 %. Compared to July 2017, the apartment supply was lower: the total number of apartments offered for sale was by 4 % lower, but the number of apartments offered for sale in the largest housing estates was by 3% higher.

 

Last month, the apartment supply in Riga housing estates was characterized by both an increase in the number and a decrease: the most significant decrease in July was in Jugla (-16 %). But the most significant increase was seen in Teika (+13 %).

 

When analyzing the number of apartments offered for sale in July in proportion to the size of the housing estates, i.e., by number of population, the highest number was recorded in Mežciems and Āgenskalns. By contrast, the number of apartments offered for sale was proportionally lowest in Jugla.


08.08.2018.

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