HISTORIC MEŽTEKAS HUNTING LODGE SOLD AT AUCTION
The historic Mežtekas hunting lodge in Jaunanna, Alūksne Municipality, has been sold at auction for €127,400 following competition among 10 bidders. Built after 1904 by Axel von Delwig, the 448.6 m² building is a regional architectural monument situated on a 1.35-hectare plot.
Source: Valsts nekustamie īpašumi
PROJECTS
BALTIC LIVING & HOSPITALITY SYMPOSIUM TO EXPLORE NEW MARKET TRENDS
Organised by Dienas Bizness and CPB, the Baltic Living & Hospitality Symposium will bring together industry professionals to discuss the changing real estate and hospitality sectors across the Baltics. The programme will explore investment and demand in rental housing, flexible and hybrid living models, property management and development, placemaking, city branding and the future of Baltic hospitality.
Source: Dienas Bizness
EVENTS PLANNED
ROCKET BEAN TO OPEN AT TĒRBATAS DĀRZS
Rocket Bean is preparing to open a new café in the Tērbatas Dārzs residential quarter in Rīga in the first half of 2027. The café will become part of the development’s commercial offering, adding a new food and beverage destination to the neighbourhood.
Source: Firmas.lv
NEWS
DZIRNAVU IELA RECONSTRUCTION COMPLETED IN RĪGA
Rīga has completed the reconstruction of Dzirnavu iela between Tērbatas iela and Skolas iela, improving infrastructure for cyclists, pedestrians and drivers. The works included new cycling infrastructure, renovated pavements and road surfaces, additional greenery and improved pedestrian crossings. The street has fully reopened to traffic.
Source: Riga City Council
TRANSPORT & INFRASTRUCTURE
WEST KREDIT MOVES INTO NEW HEADQUARTERS IN RĪGA
A new office building for West Kredit has been completed on Dzirnavu iela in central Rīga. Designed by architect Andis Sīlis, the four-storey building covers approximately 1,200 m². The interiors were designed by Sindija Vanaga, with artwork by Natālija Maļikova. The project took around 10 years from the initial plans to completion.
Source: BLBS
NEWS
NEW-BUILD APARTMENT TRANSACTIONS IN RĪGA FALL BY 16%
Transactions in Rīga’s new-build apartment market declined by 16% year-on-year in the first half of 2026, according to ARCO REAL ESTATE. Meanwhile, the number of available apartments increased by 8% to approximately 680 units. Average asking prices rose by 8% year-on-year, reaching €2,588 per m².
Source: ARCO REAL ESTATE
DATA
RĪGA PLANS NEW SOCIAL HOUSING DEVELOPMENT WITH OVER 200 APARTMENTS
Rīgas nami has begun designing a new residential building with more than 200 social apartments in Rīga. The €15.38 million project, designed by CORE Projekts, is expected to be completed by the end of 2029, expanding the city’s social housing supply.
Source: Rīgas nami
PROJECTS
NEW ADAPTIVE TRAFFIC LIGHTS INSTALLED AT TWO RĪGA INTERSECTIONS
New adaptive traffic lights have started operating at two intersections in Rīga: Biķernieku iela and Burtnieku iela, and the junction of Ģimnastikas iela, Vaiņodes iela and Tadaiķu iela. The systems automatically adjust signal timings to traffic flow and include automatic pedestrian crossing functions, aiming to improve traffic management and pedestrian safety.
Source: Riga City Council
TRANSPORT & INFRASTRUCTURE
VILNIUS RECORDS ITS LARGEST NEW APARTMENT SUPPLY IN A DECADE
Vilnius has reached its highest level of new apartment supply in 10 years, with 5,875 apartments available on the market, according to Hanner. In October alone, 726 new apartments entered the market, while 506 were sold. Average prices reached €4,193 per m², representing a 12.1% increase year-on-year.
Source: Hanner
DATA
FORMER STUDENT COMPLEX SOLD FOR €2.1 MILLION
A former student and educational complex in Torņakalns, Rīga, has been sold for €2.11 million. The 8,248 m² site offers redevelopment potential for student housing, co-living, healthcare or commercial use.
Source: Colliers
NEWS
