The most valuable private house transactions of the summer and their total value.

In the summer of this year, 14 private house transactions worth over EUR 300,000 took place in Latvia alone, which is one less than in the hot months of last year. Has the total value of the most expensive private house properties decreased along with the decrease in the number of transactions? Both in the summer of 2018 and in the summer of this year, the most valuable private house transaction was worth approximately EUR 1,100,000. However, the combined value of the 10 largest deals has been 18% lower this summer. In the summer of 2018, the 10 most valuable private house transactions cost buyers a total of EUR 5,461,800, but this year – EUR 4,481,843.53. In Jurmala, on the other hand, the situation has been different. The largest private house transaction this summer was worth EUR 450,000, while a transaction for EUR 650,000 was recorded in the summer of 2018. However, the total value of the five largest transactions (EUR 1,874,000) this summer in the resort town was 6.6% higher than last year (EUR 1,758,000). These data on transactions registered in the Land Registry on the basis of a purchase agreement (properties consisting of one apartment house and land) in the beginning of October were obtained from Cenubanka.lv.

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