Property price rises slowing in Latvia
This content is archived.
The average price of apartments in Riga rose by 2.06% to LVL693 (€989) per square metre (sq. m.) during 2012, the lowest year-on-year increase since May 2010, according to Ober Haus. Adjusted for inflation property prices rose just 0.48%. During the latest quarter, average Riga apartment prices were unchanged.
Arco Real Estate’s data supports this, showing Riga house prices up 2.06% (0.54% in real terms) during the year to November 2012. During the latest quarter, house prices were again unchanged.
The rest of this archived report is part of Full Access.
