Latvian property: the rich man’s boom
This content is archived.
During the year to March 2012, the average price of apartments in Riga, the capital, dropped by 1.5%, according to Arco Real Estate (although during the latest quarterly, residential property prices were up by 1.54%).
While nationwide, property prices still seem to be falling, it is a different story for house prices in the centre of Riga (the “Silent Centre” and Old Town), in Jurmala (Latvia’s popular resort town).
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