The Baltics Today

In 2012, 131 transactions registered on Jurmala real estate market

First signs of revival in the market segment of new projects in Jurmala appeared already at the end of 2009, and in 2010 the Jūrmala market became more active. In 2011, in particular from the second quarter, the sellers and not the buyers began to dictate market rules in Jūrmala, respectively, the new project market of Jūrmala in 2011 was a market of developers. Predicting a rapid growth in demand also in 2012, project developers continued to raise the offer price, despite the warnings of many experts on the improper increase of the prices, which did not correspond to the demand, and on the possible reduction of number of transactions. ... Read more...

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