OLD TOWN

The old town of Riga is the heart of cultural and architectural heritage of Latvia and the Baltic States. The old town was the starting point for the expansion of the Riga which was founded in 1201. As a former Hanseatic League member, Riga established its name as a trading and logistics powerhouse in late 13th and early 14th century.

Riga Cathedral is the Evangelical Lutheran cathedral in Riga

Therefore, the old town of Riga with its winding cobblestone streets offers amazing Medieval-era buildings. A fascinating fact is that most of the buildings have the status of cultural heritage landmarks.

If you are a serious history lover, then old town is the right place for you. In case you are not, then just enjoy the local coffee shops and boutique restaurants, beer bars, colourful nightlife and entertainment opportunities presented by local artists.

View of Old Town neighborhood & Right Side of Riga

ACCESSIBILITY

As you can imagine, the cultural heritage of the old town does not allow efficient transportation opportunities. As a result, the best way to move around is by foot. The old town is surrounded by public transportation in all directions. If you travel by car, leave your car in nearby parking spaces in the center of Riga. Note: for most of the parking spaces you will need to pay a fee.

House of Blackheads & Town Hall Square

COMMUNITY LIFESTYLE

The community consists of peculiar people starting from international business people to the youth of hipster generation. A noteworthy fact is that the old town is a destination location for both tourists and residents. However on the weekends, the old town neighborhood is more overcrowded with tourists than on weekdays. Which kind explains why Riga is a good weekend gateway vacation place for whole Northern and Western Europeans.

Old Town is an exciting place for nightlife & bars & restaurants

The old town of Riga is a great place for history enthusiasts and lovers of architecture that appreciate the values of past. With multicultural community, the neighborhood residents are provided with rear opportunity to live between two worlds - past and future. Be a part of the community that stays noble and appreciates the heritage. Old town is a surprising place to live!

Green Spaces and gardens are natural barriers between Old Town and Center neighborhood of Riga

COMMUNITY FACTOR

History, Traditions, Amazing architecture, Centuries of planning, Multicultural community, Baltics, Latvians, Walk Up, Middle Ages, Powder Tower, Riga Cathedral, Jacob's Barracks, Luxury hotels, Luxury residential apartment buildings, Luxury lifestyle, Swedish Gate, Past and Future Mix, Restaurants, Clubs, Entertainment, UNESCO heritage.

Old Town Area is one of the busiest neighborhoods in Riga due to high volume traffic of tourists

THE REAL ESTATE MARKET

In 2014, the average sales price in old town reached the peak because of influx in sales transactions from foreign investors and buyers. However in 2015 the prices reached an outright peak and the reason for this change was the implementation of the legislative framework in regards to a residence permit for non-residents. To get a residence permit the price was raised to 250 000 EUR. This legislative action was the reason for a drop in quantity of sales transactions in old town.