This year, in the first half of the year, 42 real estate transactions were registered with a value of at least one million euros, according to information compiled by „Lursoft IT.“ Among them, the most valuable transaction exceeded 10 million euros.
Analyzing the data on the top 25 largest real estate transactions registered in the first half of the year, „Lursoft“ concluded that the majority (18 transactions) involved land with buildings. This group also includes the largest transaction of the first half of the year – a real estate property on Riga Street 23 in Ogre, where the „Dauga“ shopping center is located.
According to „Lursoft IT“ data, a 17,385 m2 piece of land with an 8,119.2 m2 commercial building was sold for 12.4 million euros. Two years earlier, in April 2022, the same property was sold for 11.1 million euros. The sold commercial building houses more than 50 different company units.
In total, in the first six months of the year, 576 real estate transactions were registered in Ogre district, with a total value of 37.09 million euros. Of this amount, 64.08% consisted of transactions involving land and buildings.
The total value of the top 25 most valuable real estate transactions in the first half of 2024 amounts to 72.27 million euros.
Last year, there were only a few real estate acquisition transactions in Latvia above five million euros, and none exceeded 25 million euros, according to the real estate company „Colliers.“ Among the three largest transactions, there was also a purchase of a piece of land that caused a stir in the local market. For more information, read: „Hotel, ‚Rimi‘ land plot, former bank building – the largest transactions ‚Top‘.“
More than half of the top 25 transactions in the first half of the year involve real estate properties in Riga. The largest of them was a transaction involving land and buildings on Lauvas Street 1, which was sold for 6.5 million euros. According to „Lursoft IT,“ the property on Lauvas Street 1 in Riga currently houses 10 companies and 3 structural units. The property covers a land area of 4,725 m2 and two buildings.
„Lursoft IT“ found that the most valuable land transaction in the first half of this year was registered in June when a 23,517 m2 piece of land on Roberta Feldmaņa Street 6 in Riga was sold for 2.35 million euros. Looking at the available information on historical transactions involving this piece of land in Mežaparks, it was sold for 1.39 million euros in 2015.
The fifth largest transaction is the building on Eksporta Street 6. The building was auctioned in March of this year by the State Real Estate Agency (VNĪ) in a competition among ten participants for 3.11 million euros.
In the list of the top 25 most valuable transactions, there are only three transactions involving land. In addition to the land plot on Roberta Feldmaņa Street 6 in Riga, the top also includes a land transaction on Riga Street 7 in Ādaži (1.72 million euros) and a 40,565 m2 land plot in Mūkupurva district, Riga, which was sold for 1.62 million euros in June.
Stay updated with „Delfi“ on Instagram or YouTube – join to be the first to learn the most important and interesting news!
The content of this publication or any part thereof is a protected copyright object in the understanding of the Copyright Law, and its use without the publisher’s permission is prohibited. Read more here.