Apartment prices in Riga, Latvia increased by 0.9% in December 2011 due to growth in the pricing of new apartment projects in the City Center and Old Town according to Ober-Haus.

The average apartment price has also increased in the past 12 months to €969 per sqm, a 5.3% rise. However prices are still a long way below the peak of May 2007 as they have fallen by 58.3% since then.