We offer excerpts from an analytical article about the real estate market in Jurmala (source https://www.city24.lv/ru/novosti-rynka-nedvizhimosti/14091/zastrojsik-kakaa-cena-kvadratnogo-metra-kvartir-v-urmale-kak-polucitsa ).
«Today, Jurmala is more attractive than ever for local buyers. If it was once too expensive, the opportunity to purchase property in this resort city is now very much within reach. Property prices have become more affordable, maintenance is cheaper, and the infrastructure is more convenient.»
«If you look closely, the myth about high prices is already fading away. Local clients believe Jurmala is inaccessible, but that's not true. A premium-class apartment in central Jurmala costs less today than an equivalent apartment in central Riga. For example, a two-bedroom apartment in Dzintari in a new building costs around 125,000 euros, while an equivalent apartment in central Riga would cost at least 30% more.»
«If a buyer is interested in an apartment in a modern building rather than a private house, it's worth noting that the construction of the new houses currently for sale began in 2012-2014 and was completed in 2015-2017. At that time, there was no labor shortage and labor costs were lower, building materials and construction expenses were cheaper. Building now is more expensive than it was five years ago. Therefore, the apartments being sold today are cheaper than those that will be sold in the future.»
We agree with the opinion expressed above.
When our clients look at compact apartments, 2 or 3 rooms, it's difficult to find a good option in Riga with an optimal price-quality-location ratio.
In Jurmala, in most cases, you will find a good location with excellent transport infrastructure, close to nature. The quality is comparable to Riga. Prices in some projects are very attractive.
Moreover, Jurmala offers a very large selection of residential properties.
- You can buy a compact apartment in a new building.
- You can buy an exclusive apartment in a new project on the first line, with terraces and beautiful grounds.
- You can buy a private house or mansion in a very prestigious location, with high-quality finishes, and design the home according to your taste.
- If you appreciate historic architecture, there is also an extensive selection here. These include apartments in old buildings and historic wooden cottages with their own special charm. Conditions vary from dilapidated houses to carefully and meticulously renovated ones.
- You can also purchase a small private house in the outer parts of Jurmala, in Melluzi or Kauguri, and for the price of a Riga apartment, get a small house with renovations.
If you want to purchase quality real estate and value a personalized approach, if you want to communicate with a real estate agent and lawyer in your native language, then contact our company KOM-INVEST! We will be happy to find the right property for you, answer all your questions, draw your attention to important details, complete the transaction, arrange your residence permit, and manage your property.
For more detailed information about obtaining a residence permit in Latvia, see here in various sections.
Have questions? We look forward to your email or call!
Phone number: +371 29774775
Email: info@kominvest.com
Skype: KOM-INVEST