Apartment with a beautiful view on Daugava
Price: 198000 Eur
Exclusive apartment in a new project
Price: 1180000 Eur
Price: 300000 Eur
THE MOST ACTIVE INVESTORS - CITIZENS OF RUSSIA, CHINA AND UZBEKISTAN
Obtaining of residence permit in exchange for a certain amount of investment has become very required. At the end of May, the most active investors were citizens of Russia, China and Uzbekistan. Since Immigration law amendments came in force in 2010 there have been issued 6249 residence permits. Total amount of investments since the beginning of these amendments is around 380.5 million Latvian lats. “4% of investments have been invested in Latvian corporations, 16% at banks subordinated capital, while the remaining 80% were invested in residential and commercial real estate”, the situation commented CEO of company BALSTS Aigars Zarins.
Apartment market in the vicinity of Riga
The average prices of standard type apartments in Ogre in January 2014 have not changed. The average price has remained to be 427 EUR/m2. In 2013, the prices of standard-type apartments decreased by 1.2% in Ogre. Apartment prices in Ogre can be valued as stable and without relevant changes. At the end of 2013 there was observed an increase of activities in the apartment market, but it did not change the price level.
Latvian Commercial Real Estate market commentary
Compared to the respective quarter of the previous year, the GDP in the 4rd quarter continued to grow, which, similar to the first three quarters, primarily was due to domestic demand, while export growth in this quarter has been negative. An essential aspect is that this is the GDP growth peak per quarter in year 2013, and the total GDP growth for three quarters year-on-year has been 4.2%.