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Standart type apartment market overview | AUGUST

  • In August 2021, the prices of standard-type apartments in Riga's housing estates increased - they increased by 1.8 % during the month. The average price of standard-type apartments rose to 877 EUR/m². In 2021, the prices of standard-type apartments have increased by 8.7 %.


In all major housing estates of Riga, an increase in the prices of standard-type apartments was observed in August. In August, price increase was one of the highest this year. Due to the low supply of apartments, apartment prices in the vicinity of Riga grew even faster.

 

Since the beginning of 2021, in all major housing estates of Riga prices of apartments have generally increased. The largest price increase since the beginning of the year has been observed in Bolderāja (+ 12 %).

 

In August, the supply of apartments in Riga increased by 2 % compared to the previous month. The number of apartments offered for sale in the largest housing estates of Riga analysed by ARCO REAL ESTATE increased by 3 %. Compared to July 2020, the supply of apartments was generally lower: the total number of apartments offered for sale was 16 % lower than a year ago, but the supply of apartments in the largest housing estates was 23 % lower than a year ago.

 

Having summarized the number of apartments offered for sale in the housing estates of Riga, it can be concluded that the largest supply of apartments in August was in Purvciems, while the lowest - in Bolderāja.

 

Last month, the number of apartments offered for sale in the largest housing estates of Riga mostly increased. The number of apartments offered for sale increased the most in Jugla – by 35 %, while it decreased the most in Āgenskalns (- 21 %).


14.09.2021.

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