Bonava the Largest Residential Developer in Latvia
Sweden Based on the number of newly constructed apartments registered and sold, Bonava Latvia has become the country’s largest residential development company, according to aggregate property market data. These results were taken from the annual market survey Residential Market Report. Riga City and other regions. 2017 Q4, performed by the property company Latio, which compiles and compares figures for various players in the industry.
"It’s no coincidence that Bonava is now the largest residential development company in Latvia. Since we decided to work with a clear customer focus and cost efficiency, we have advanced our position. We’re now continuing with our plan with the goal of strengthening our position, as we are seeing considerable demand for affordable housing in attractive areas," says Joachim Hallengren, President and CEO of Bonava.
The data shows that 1,149 apartments were sold in new projects in Riga last year.