We present to you an article that reflects the main trends - which apartments are in demand among buyers.
1. In 2024, the majority of transactions with new apartments in Riga were concluded in the price range of 100,000 to 150,000 euros, which indicates steady demand for mid-range housing.
2. The number of transactions with new apartments in Riga in the first half of 2024 increased by 7% compared to the same period in 2023, indicating growing interest in new housing.
3. The average asking price for new apartments in Riga was 2298 euros per square meter, reflecting a trend of rising housing costs in the capital.
4. In central Riga, two-bedroom apartments are most in demand, accounting for 75% of all transactions, demonstrating a preference for compact housing in central neighborhoods.
It is worth noting that in new projects in suburban areas, you can buy a three-bedroom apartment for 150-160 thousand euros. There are very few new buildings in central Riga, but in one of such projects (which is already almost sold out), you can only buy a two-bedroom apartment in this budget.
5. In Riga's suburban areas, 70% of transactions with new apartments were concluded at a price above 1800 euros per square meter, indicating strong demand for housing in the suburbs.
6. In 2024, there was an increase in the number of transactions for apartments costing more than 2600 euros per square meter, which may indicate increased interest in more expensive housing.
7. The largest number of new apartment offerings was recorded in the Teika neighborhood, demonstrating its popularity among homebuyers.
8. In central Riga, apartments ranging from 50 to 85 square meters remain the most popular, indicating a preference for compact living space.
If you are interested in a quality apartment in a new project - contact us, we will be happy to help! We will select a suitable property, calculate its investment potential, help you with the transaction and arrange rental.
Source:
https://www.city24.lv/real-estate-news-story/20203/pern-jaunajos-projektos-visvairak-dzivokli-pirkti-cenu-robezas-no-100-000-lidz-150-000-eiro
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