ARCO REAL ESTATE

In September 2010 in general there was observed absolutely insignificant price increase on the standard-type apartment market. In general the prices for the standard-type apartments in Riga increased in September on average for 0,3%. The average price value of m² in the standard-type apartment was 614 EUR/m². The total price increase decreased in September and it was absolutely minimal, the same as during the first summer months – June ( 0,2%)  and July ( 0,3%). In 2010 the highest standard-type apartment price increase was stilled fixed in January – by 4,6%. In its turn the smallest price increase was in June – by 0,2%.

The highest price increase in September was observed in Bolderāja, where the average price increase was 0,8%. In its turn in September there was established the insignificant price decrease in Ķengarags and Vecmīlgrāvis by 0,2%. Just in Mežciemā there were no price changes in September. In the other housing estates observed by ARCO REAL ESTATE the prices increased in limits of 1%.The prices for the apartments have been increased from September 2009 and by this moment they have increased on average by 26,1%.

The average standard-type apartment price in September 2010 increased till the level of 614 EUR/m². In comparison with the prices of July 1, 2007 when there was the highest price level for non-renovated standard-type apartment of 1620 EUR/m², nowadays the prices are lower for 62,1% on average. In its turn, the comparison of prices with January 1, 2009 the average non-renovated standard-type apartment price in general shows the decrease by 34,3%.

 

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