RIGA - The real estate market in Riga, when considering renting space, has stabilized. This comes after a rebound last year from slow activity in 2010.The most important issues, say experts, now are a shortage for good quality rental apartaments, and that tenants face a rental price increase. The demand for apartments has put pressure on rents, as there is not enough easily accessible space to met demand.Evita Zamberga-Zakalovska, marketing manager at Ober Haus, says that “apartaments for rent are needed for both local and foreign residents.” But the problem is ...
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