House prices rising in Latvia
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In Riga, the average price of apartments rose by 5.2% to €1,042 (US$ 1,412) per square metre (sq. m.) during the year to April 2014, according to Ober Haus. When adjusted for inflation, prices rose by 4.4%. Similarly Arco Real Estate reports that apartment prices in Riga rose 5.5% (4.8% in real terms) to €631 (US$ 855) per sq. m. during the year to April 2014.
During the latest quarter, Riga apartment prices rose by 2.3% (1.5% in real terms).
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