News

Comparison of apartments in Moscow and Riga.

Real estate in Russia, particularly in Moscow, according to European standards is very expensive, and the mortgage is not available for most of Russian inhabitants. #

Experts have calculated what should be the salary for the Russian Federation resident, so he could afford to buy credited typical standard two-bedroom apartment without a specific repair:

  • Russian resident should get 1700 euro per month;
  • St. Petersburg resident should receive  2 700 euro per month;
  • Moscow resident should receive from 3800 euro per month.

Analysts in their calculations assumed that the prospective borrower has 15% of the purchase price, and the bank gives him a loan of 15% per annum in rubbles for 15 years. Another condition - a payment on a loan may not exceed 40% of monthly income.

Salaries were calculated based on Rosstat data on secondary dwellings costs in the third quarter of 2013. According to the data, the standard 50 m2 two-bedroom apartment in Moscow without special repair cost around 177,000 to 220,000 EUR, if the price per square meter is 3000-4000 euros.

For the same price you can buy in Riga two-bedroom apartment in a renovated building Residence Lumiére with an area 59 m2, fully finished. The project is located in the prestigious embassy district, surrounded by monuments of UNESCO and the Latvian Art Nouveau representative value of EUR 209000 and obtain a residence permit in the European Union, with all resultant bonuses.

 

 

 

 

 

 

New project Lumiere Residence

Lumiere Residence is more than just a building #

Lumiere-from French "light" and "brilliance" is manifested in the concept home Rūpniecības Street 11, Riga's historical center and one of the most prestigious districts of Riga. Modern and bright Lumiere Residence with spacious and illuminated Art Nouveau apartment with high ceilings, large windows and graceful balconies. These are great two-level penthouse apartments with light columns, ornate staircase with glass dome and elegant panorama elevator. You will enjoy abundant facade lighting and concierge smile. Live Lumiere Residences is really bright!


Heritage

Lumiere Residence is more than just a building. Built in 1910 by famous German craftsman Arthur Medlingers project. Art Nouveau-style building today is a global monument and historical center of Riga has been implemented in the UNESCO world heritage list of culture. In 2013, this unique example of Art Nouveau architecture experienced another revival: renovation was carried out, allowing the building to save the historic charm and provide comfort to its citizens, provided by the modern technology.

Style and comfort


Lumiere Residences have 24 well-equipped spacious and bright, premium apartments, at the very top-6 two-level penthouse apartments with large panoramic windows. In the underground garage and storage space, convenience of residents is installed elevator to residential floors. All apartments are offered with finishes, you just have to choose what it will be. Our designers have developed several interior options for just that-building of an authentic art-deco to modern minimalism. The choice is yours.
Lumiere Residence is an unique architectural and atmospheric building that is located in the quiet center, which is known all over Europe. There are great restaurants and cafes. Near are parks and gardens with beautiful canals and ponds with beautiful gazebos and fountains just a few minutes away from tourists so tempting Old Town and embankment with nautical clubs and beloved the bohemian Andrejsala. Quiet and relax atmosphere that is at the heart of the cultural and economic center of the largest metropolitan area in the Baltic what makes a comfortable, cosy and prestige living in Riga.

www.lumiere-residence.eu

Become a member of our team!

Real estate company StayInRiga is looking for assistant-translator! #

Which is skilled PC user (MS Office, Outlook, etc.) and responsible, communicative and flexible person with good knowledge of English, Russian and Latvian (both speech and writing).
We expect that he/she would help us in:
-communicating with our clients and partners (by e-mail and phone);
-making reservations;
-preparing agreements;
-manager s’ support.
We offer work place in the office in city center, friendly colleagues, salary 200 LVL per month plus % from completed deals.
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New Homepage Press Release

We are pleased to present our new website #

Professional team of StayInRiga specializes in realty service sphere for more than 10 years. Company with great experience and solid team of professionals moves forward all the time and amplifies list of satisfied customers and successful deals. Database optimization and correct generalization of up-to-date information is a natural way of such company’s’ development.

In May 2013, StayInRiga proudly presents a new website of our company which is available in four languages and which does include huge living and commercial property database, as well as information about land plots not only in Riga or other big cities, but also in the rest of Latvia.

StayInRiga knows the value of customers’ time and aside of agents’ service regarding real estate does also provide full juridical support of the deal and EU residence permit legalization by investing in real estate and economics of Latvia. There is special section on our new website dedicated to this theme and there will be more useful information added frequently.

For a long time long-term and short-term rent of apartments, houses and commercial premises appears as one of the most successful company’s activity categories thus on our website there is special section dedicated to potential lessors and tenants.

StayInRiga company does value its’ good reputation, it does always remember that each request is unique and does its’ best to truly understand customers’ needs, because only this way their dreams may be fulfilled in real estate.

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