RIGA - The last five months have seen a number of trends in Riga's housing development. A growth in construction prices, building permits and the number of market participants has sent the industry to a record peak. "The market is developing rapidly," people repeatedly say, yet few can actually prove this with objective data. According to the Jaunie Projekti (New Projects) catalogue, which provides a comprehensive and up-to-date view of the market, 5,875 apartments, houses and annexes will be commissioned by the end of 2005. This exceeds the total number of housing built over the last five ...
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