{"id":10737,"date":"2025-04-10T09:44:28","date_gmt":"2025-04-10T09:44:28","guid":{"rendered":"https:\/\/everaus.ee\/everaus-kinnisvara-expands-to-the-riga-market-with-a-micro-apartment-project\/"},"modified":"2025-04-11T07:08:44","modified_gmt":"2025-04-11T07:08:44","slug":"everaus-kinnisvara-expands-to-the-riga-market-with-a-micro-apartment-project","status":"publish","type":"post","link":"https:\/\/everaus.ee\/en\/everaus-kinnisvara-expands-to-the-riga-market-with-a-micro-apartment-project\/","title":{"rendered":"Everaus Kinnisvara Expands to the Riga Market with a Micro-Apartment Project"},"content":{"rendered":"<p class=\"\" data-start=\"279\" data-end=\"703\">Estonian real estate developer <strong data-start=\"310\" data-end=\"332\">Everaus Kinnisvara<\/strong> is entering the Riga market with a residential building project comprising <strong data-start=\"408\" data-end=\"431\">28 micro-apartments<\/strong> located near the city center. The planned development offers affordable living spaces for students and young professionals, while also presenting an attractive investment opportunity for those seeking stable rental returns. Construction is scheduled to begin in <strong data-start=\"694\" data-end=\"702\">2026<\/strong>.<\/p>\n<p class=\"\" data-start=\"705\" data-end=\"1117\"><em data-start=\"705\" data-end=\"774\">&#8220;Everaus Kinnisvara acquired the property in Riga three years ago,&#8221;<\/em> explained <strong data-start=\"785\" data-end=\"801\">Janar Muttik<\/strong>, founder and CEO of Everaus Kinnisvara. <em data-start=\"842\" data-end=\"1117\">&#8220;Our decision to expand into the Latvian market was based on our assessment that the Riga real estate market is several years behind Estonia in its development cycle, offering strong growth potential. Until now, however, the timing hadn\u2019t been right to launch the project.&#8221;<\/em><\/p>\n<p class=\"\" data-start=\"1119\" data-end=\"1941\">Today, market conditions have changed, and like in Estonia, the real estate sector in Latvia is showing signs of revival \u2014 in fact, more actively than in Estonia. At the same time, Riga&#8217;s property prices remain significantly lower: in 2024, the average price per square meter in Tallinn was approximately <strong data-start=\"1424\" data-end=\"1433\">\u20ac4300<\/strong>, while in Riga it was <strong data-start=\"1456\" data-end=\"1465\">\u20ac2700<\/strong>. <em data-start=\"1469\" data-end=\"1620\">&#8220;Both markets are showing moderate but stable growth, and with supply decreasing and buyer interest rising, conditions are ripe for price increases,&#8221;<\/em> Muttik added. <em data-start=\"1635\" data-end=\"1941\">&#8220;Riga and its surrounding area is home to nearly one million people, yet the number of new apartments entering the market is similar to Tallinn, which has only half the population. Considering the strong and growing demand for modern housing, now is the right time to move forward with the Riga project.&#8221;<\/em><\/p>\n<p class=\"\" data-start=\"1943\" data-end=\"2502\">The development will be located on <strong data-start=\"1978\" data-end=\"1994\">Latgale iela<\/strong>, near the scenic <strong data-start=\"2012\" data-end=\"2029\">Daugava River<\/strong>, just outside Riga\u2019s central district. <em data-start=\"2071\" data-end=\"2185\">&#8220;Micro-apartments offer an affordable and efficient living solution ideal for students and young professionals,&#8221;<\/em> Muttik explained. <em data-start=\"2204\" data-end=\"2502\">&#8220;At the same time, the development provides an attractive opportunity for real estate investors looking for stable rental income and solid growth potential. Drawing on our previous successful experience with micro-apartments in Estonia, we\u2019re now bringing that proven concept to the Riga market.&#8221;<\/em><\/p>\n<p class=\"\" data-start=\"2504\" data-end=\"2620\">In <strong data-start=\"2507\" data-end=\"2515\">2025<\/strong>, Everaus Kinnisvara will focus on <strong data-start=\"2550\" data-end=\"2575\">design and permitting<\/strong>, with construction set to begin in <strong data-start=\"2611\" data-end=\"2619\">2026<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Estonian real estate developer Everaus Kinnisvara is entering the Riga market with a residential building project comprising 28 micro-apartments located near the city center. The planned development offers affordable living spaces for students and young professionals, while also presenting an attractive investment opportunity for those seeking stable rental returns. <\/p>\n","protected":false},"author":16,"featured_media":10677,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-10737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Everaus Kinnisvara Expands to the Riga Market with a Micro-Apartment Project &#8211; Everaus Kinnisvara<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/everaus.ee\/en\/everaus-kinnisvara-expands-to-the-riga-market-with-a-micro-apartment-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Everaus Kinnisvara Expands to the Riga Market with a Micro-Apartment Project &#8211; Everaus Kinnisvara\" \/>\n<meta property=\"og:description\" content=\"Estonian real estate developer Everaus Kinnisvara is entering the Riga market with a residential building project comprising 28 micro-apartments located near the city center. 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