In May the average price of apartments in the Latvian capital has increased by almost 1% on April. In comparison with last May prices have risen by 11%. Since September 2009, when a two-year price decline has stopped, replaced by tall, apartments in buildings constructed series grew by 15%, according to Rus.db.lv, citing data from one of the leading Latvian real estate agencies Latio. Recall that in April, the monthly growth rate was also 1%. In the popular districts of Riga, one-bedroom apartment in good condition worth in May, thousands of € 22-30, doubles - € 30-38 thousand, three-and four - € 35-54 thousand. On the outskirts of the city prices were on average 20% lower. Experts say that commercial banks resume mortgage lending, but most shopping still takes place at the expense of personal savings.
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