Residential Market Commentary 2009 Q4 - Latvia

In Q4 2009, residential real estate prices increased compared to the first three quarters. In Q1 and Q2 prices were falling and became stable in Q3, however the prices experience small increase in Q4.

The average price for old construction flats in suburbs of Riga by the end of Q1 was 763 EUR/sqm, in Q3 was 460 EUR/sqm and finally in Q4 increased to 494 EUR/sqm.

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