Why do foreigners prefer to buy apartments in new buildings

Why do foreigners prefer to buy apartments in new buildings

Almost all the demand for new apartments in all new buildings of the country is in high demand among foreign buyers. Restored houses located in the central part of the capital of Latvia are also in demand, the information portal reports. Leading positions among non -residents are continued by the inhabitants of Russia. After the acquisition of residential real estate, after some time the same real estate appears to the HB REAL REALSY market. Almost half of the buyers of Latvian housing are wealthy Muscovites. They acquire real estate mainly in Salien, a small area located in the immediate vicinity of Riga. This area has a convenient transport communication with Riga International Airport.

Realtor companies also report that the cost of apartments in new buildings during the end of 2011 – early 2012 was within 1.16 thousand euros for one square of “residential” real estate. Prices compared to the previous year increased by 7 percent, and compared to 2009, more than 30 percent. In the central part of Riga, residential real estate can be purchased at the rate of 1.965 thousand euros per square meter. Real estate located in the Old Riga area – 3 will cost the most expensive.41 thousand euros per square. Over this year, experts expect a further increase in the cost of square meters of housing.