Cana­dian sol­diers in­crease ac­tiv­ity on Riga’s apart­ment mar­ket

Com­pared with Q1, clients’ in­ter­est for apart­ment rent on Riga’s mar­ket has grown in Q2 2017, as de­tailed in Ober-Haus hous­ing mar­ket re­port.

Baltic News Network - - News -

In Q2, high de­mand for apart­ment rent was no­ticed among non-res­i­dents who moved to Riga for work. This in­cludes Cana­dian troops sent to Latvia as part of NATO’s ex­panded pres­ence.

Even now there is de­mand among stu­dents look­ing for apart­ments (two and three-bed­room apart­ments) to rent in Septem­ber, notes Ober-Haus. In many cases stu­dents sign rent con­tracts early, pay­ing rent a cou­ple of months in ad­vance even though the apart­ment will be needed no sooner than Septem­ber. Lo­cal res­i­dents usu­ally search for cheaper rent op­tions. Most of them are twobed­room apart­ments within EUR 200 to EUR 450. The sup­ply for th­ese apart­ments is, how­ever, small.

Dis­tricts in de­mand the most in­clude the city cen­tre, Teika and Agen­skalns.

Ieva Čīka/LETA

Newspapers in English

Newspapers from Latvia

© PressReader. All rights reserved.