Apartments in Riga. Prices for flats in Riga
Riga is the cultural, political and economic centre of Latvia. Foreign investors buy apartments in Riga in the rapidly developing upmarket districts around the city centre.
The average buying prices of flats in Riga are €900–1,850 per square metre while properties for sale in downtown districts cost €1,500–3,500 per square metre. Prices for the renovated apartments for sale in Riga are €4,000–6,000 per square metre and high-end residential properties sell for €9,000 per square metre.
People buy flats in Riga for residential or investment purposes as real estate prices have been growing by 7–10% over recent years. Foreign citizens can qualify for permanent residence in Latvia by buying property worth at least €250,000 since 1 September 2014.