Investing in new real estate projects in Latvia has shrunk by one third over the past three years, Martins Vanags, the head of the National Real Estate Development Alliance, said today at the construction industry forum "Competitiveness. Growth. Investment", reports LETA.

Park Hotel Kemeri should renew the historic Kemeri sanatorium complex in Latvia

The average price of standard-design apartments in the Latvian capital Riga climbed 3.5% from the beginning of this year to EUR 696 per square meter in June.