In the first eleven months of 2012, real estate purchase transactions in Latvia increased by 12.3% from the respective period in 2011, housing transactions – 23.1%, according to the analysis of Land Register data conducted by the real estate company Latio, informs LETA/Nozare.lv.
In January-November 2012, the number of apartment purchase transactions in Latvia grew 23.7%. The number of transactions involving private houses increased 21%.
Apartment purchase transactions in Riga grew 24.2% in the first eleven months of 2012, transactions involving private houses – 15.5%.
The number of apartment transactions in Riga is significantly greater than the number of transactions involving private houses. Nearly 7,000 apartment transactions were registered in the first eleven months of 2012, comprising almost 90% of all housing transactions in Riga.
In the vicinity of Riga, housing transaction numbers rose 18% in January-November 2012.
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