Bank: Riga hangs behind neighbors in BNN real estate transactions

<img clbad = "alignnone size-full wp-image-291146 aligncenter" title = "Foto: Evija Trifanova / LETA" src = "https://bnn.lv/wp-content/uploads/2018/07/ xs.jpg.pagespeed.ic.3paCNGoozT.jpg "alt =" Increasing residents' income and saving level increases the number of residents in favor of housing, according to data collected by Swedbank.

"Good As residents mostly buy standard-type apartments (75%), the demand for apartments in new projects is also increasing. According to the bank, this and a growing economy encourage real estate developers to actively start building new projects.

"Currently, there are only 1,500 apartments in new projects under development, a half more than at the same time last year." Economy clbad apartments " are the most developed, whose price currently stands at € 1,600 per square meter, but some activity is also observed in the so-called business clbad segment, the price per square meter ranging from € 1,600 to € 2,500 per square meter. The Bank notes that in general, when badessing the per capita number, Rīga lags behind its neighbors, even though prices are 15 to 40% lower than those in Lithuania and from Estonia.