German Russian BETA Finnish Norwegian translation powered by
Mobile version »

RUB 0.0000

USD 1.0780

GBP 0.8580 See all »

Decrease in prices for retail spaces up to 50 %

By Editor . 18.12.2008

print | e-mail

At the moment there are a wide variety of retail spaces in Riga, even on the main streets of the city where there had been a shortage of premises, not that long ago. Rent has decreased by up to 50% in 2008, real estate company Balsts, who has been in the market since 1992, has announced.


 The situation has changed dramatically, as at the moment it is the potential tenants who have the financial resources and are planning to change premises who will be the ones dictating the rules in the market. In other words if you have equity, this is fruit-picking time, because prices are down and supply is high. The region’s long-term growth potential remains impressive, whatever the current economic tumult.

Kristaps Jankovskis Manager of Balsts’ Commerce Department has said that “more activity both in the selling and rental sector is expected in spring 2009. Tendencies show that most of the deals taking place in the next months in the rental sector will be related to a change of premises for saving purposes.” However, some like to say that when the sky grows dark, the stars shine more brightly.


RigaNOW subscription for 12 months
--- EUR


.|.|.|.|.|.|.|.|FQNN41TCHZ"> .|.|FQNN41TCHZ').|.|.|.|.|.|.|.|.|1:|100%|100%|100%&chxp=1,0,,100'; var firstArrayScaled= scaling(array0); var secondArrayScaled = scaling(array1); var thirdArrayScaled = scaling(array2); var chartBaseUrl = ""; var chartParams = "cht=lc&chco=ff0000,00ff00,0000ff&chs=307x155&chdl=OMXT|OMXR|OMXV&chdlp=b&chxt=x,y&chg=10,20,2,0"; var values = "&chd=e:"; var title = "&chtt=Baltic%20market%20indexes"; values = values + extendedEncode(firstArrayScaled) + "," + extendedEncode(secondArrayScaled) + "," + extendedEncode(thirdArrayScaled); $('#chartExc').html(''); } function scaling(values) { var ymin=0; var ymax=4095; var arraylength = values.length; var newvalues = new Array(); for (var i=0; i= 0) { firstChar = encodingString.charAt(Math.floor(currentValue/esln)); secondChar = encodingString.charAt((currentValue % esln)); chartData.push(firstChar+secondChar); } else { chartData.push('__'); } } return chartData.join(''); } loadExc();
RIGBID 1M () -

Riga Hotels | Riga Dining  | Riga Entertainment  | Riga Shopping  | Riga Business | Riga Excursions | Riga Hip Riga
Contact Us | Copyright | Advertise | Newsletter | RSS Newsletter | Mobile version
Copyright © 2001-2023 SK Media Group ® All Rights Reserved