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During the first half of 2010 there still had been the tendencies of 2009 on the real estate market of Jurmala.
Real estate market overview of Jurmala
During the first half of 2010 there still had been the tendencies of 2009 on the real estate market of Jurmala. There was a sharp standard-type apartment price decrease by 20-50% comparing it with the prices of 2009. As the result of it the number of proposals also reduced. Significantly decreased the number of apartments proposals in “new developments”.
The average price for the floor space in Kauguri insignificantly increased in the first part of 2010 by 5%. The average price increase in the central part of the city was 7-11%, mainly because of the price lowest level increase.
Sharp supply decrease and price decrease almost completely stopped the new buildings construction in Jurmala.
More detailed information about sales and rent prices is available on the website of ARCO REAL ESTATE>>
27.07.2010.