Prices for apartments in Riga continue to grow

July 16, 2021
Prices for apartments in Riga continue to grow
The increase in the cost of apartments is observed in all regions of Riga. On average, they increased by 2% in June.

The increase in the cost of apartments is observed in all regions of Riga. On average, they increased by 2% in June. Then the average cost per square meter of housing was about 851 euros. Sharp increase in prices was seen in Imanta. Prices there increased by 7.1%. An even more noticeable increase in the cost of housing is observed in the suburbs of Riga, where apartments have risen in price by 9-13%.

How much does housing in Riga cost now?

Prices for apartments in Riga in mid-July:

  • 40-50 thousand euros for an apartment of about 40 sq. m. – the most budget options;
  • 70-90 thousand euros for the same housing in more popular areas;
  • from 100 thousand euros for an apartment of 70-80 sq. m;
  • 500-600 thousand euros for an apartment of 100-200 sq. m;
  • up to 3.5 million euros for a large apartment of about 500-600 sq. m.

Based on these figures, it becomes obvious that the prices of apartments in Riga continue to grow in July. Experts believe that the main reason for such dynamics is the insufficient number of offers against the background of stable high demand.

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Alexandra Meyer
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Alexandra Meyer
Personal assistant