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News News in Brief In January, increased activity in the market rent in Riga.

In January, increased activity in the market rent in Riga.

20. 02. 2011

In January of this year increased client activity in the market rent in Riga. Moreover, demand has increased on average by 15%. Prices for rented apartments in Riga is also increased by 10-15% compared with the beginning of last year marked the most significant demand for apartments and c good modern renovation in the city center and "the Embassy District" of the reasons stolitsy.Odna - rotation of embassy employees and management of large international companies, as well as coming to market for new enterprises, for executives who require reasonable accommodation in Latvia.

The most significant demand in January was on the three-room apartments with two bedrooms, an area of ​​100 square meters. m, at prices ranging from 500 to 700 euros, as well as for three-and four apartments, ranging from 100 to 140 sq ft, priced from 700 to 1,200 euros, and unfurnished accommodation, ranging from 200 to 250 square meters. m, at prices ranging from 700 to 1,000 euros.

In the second half of January there was a demand for middle-class apartments with well-designed layout and a large number of bedrooms (three to five) at a price of 700 to 1,000 euros including utilities. Such demand is explained by the new school year winter collection, including, for international students. As a result, the apartment is removed in three to five people for each house costs an average of 300 euros.

In the market, however, there is a significant deficiency in modern apartments with high-class design interior parking. Less asked neotremontirovannye apartments in the heart of the city and neighborhoods. Good furnished apartments are the tenants in 2-3 days.

It is predicted that in February and March, prices remain at current levels, and can then grow slightly due to the decrease of total utility bills.

Prices for the purchase of housing in Riga

In the segment of housing in comparison with December prices have not changed. Serial apartments still stand about 645 euros per square meter. m, housing in the city center nerenovirovanyh nursing homes from 1,000 to 1,500 euros per square meter. m Apartments in renovated homes and luxury projects in the prestigious heart of Riga are offered at prices from 2000 to 4000 EUR/ m².

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