Latio Valmiera Office
Published: 12.08.2022
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Since mid-June, the Latio Valmiera office has changed its location. The new
premises are located right in the centre of Valmiera, at 9 Rīgas Street. Clients are warmly invited
to visit the cosy and modern office on weekdays from 8:30 to 17:30.
The opening of the Latio Valmiera office and trends in the real estate market
are discussed in an interview with Daiga Mihelsone, representative of the Latio Valmiera office and
specialist in valuation business development for the Vidzeme region.
We have been waiting for this for a long time, and it has finally happened—the Valmiera office has
moved to new premises. Congratulations! Can you tell us more about where
the office is now located and what makes this place special?
The Latio office is still located on the city's most important and busiest street—Rīgas Street,
in one of the grandest buildings in the city centre, Dūnu House, which historically
housed a printing works and a photography studio. From the office window, one can see St Simon's Church, characteristic
of Valmiera's landscape, the largest shopping centre in Vidzeme—Valleta,
the Valmiera Culture Centre, cafés and small shops.
Before moving into the new premises, they were thoroughly renovated. It is said that
renovation can only be started, not finished. Did you manage to complete it, and how did it go?
It took slightly more than half a year from the initial idea to the opening of the office. I think that is
quite efficient, considering the various legal details, brainstorming on interior ideas and
the technical implementation.
What ideas formed the basis of the interior design?
In the interior, we tried to combine modern classicism with the building's antiquity. Individual
interior elements are still being created and will be available to view in mid-summer.
Everyone is warmly welcome!
Speaking about the commercial premises segment as a whole, what is the current level of activity in Vidzeme?
What is business looking for? And is its demand being met?
There is consistently high demand in the commercial premises segment for large, good-quality
spaces. It should be noted that, as is generally characteristic of the regions, there is
virtually no supply, or the premises and buildings would need to be adapted to specific tenant
requirements. High-quality office premises that meet modern standards are in demand,
especially in city centres. The work of entrepreneurs and local authorities deserves praise for making major
investments in developing and improving urban infrastructure, thereby promoting
the creation of new neighbourhoods and production and cultural spaces: in Valmiera—the Industrial Park,
Pārgauja and Daliņš Stadium; in Cēsis—the Industrial Park, Innovation Centre, Creative
and Digital Quarter; and in Smiltene—the Industrial Park.
What, in turn, is happening in the Vidzeme housing market?
Over the past two years, housing prices have increased by approximately 20–
25% at least, particularly in the apartment sector. The construction of new multi-apartment
residential buildings is not characteristic of the region, although there are individual exceptions in Cēsis and Valmiera. The largest
number of transactions involves apartments in buildings constructed during the Soviet era, with this level remaining
stable. Given the high construction costs and attractive lending
conditions, people prefer properties with high-quality renovations already completed. In Valmiera,
when purchasing an apartment, one should expect to pay EUR 800 to 1,000
per m²; the situation is similar in Cēsis. Demand for apartments and the number of transactions
in villages of the municipalities are increasing.
There is very high demand for private homes in regional cities. As the supply is
limited, a trend towards actively building new private homes for personal
use has been observed.
The most topical issue at present is energy efficiency. Have Valmiera residents already
started taking an interest in energy-efficient homes and the possibilities of insulating buildings or changing
heating systems?
Yes, energy efficiency is a topical issue in the region. Last year, residents of Valmiera
paid attention to energy-efficiency issues by insulating a record number of multi-apartment
buildings compared with other cities.
The current issue of energy tariffs is not reflected in asking prices, despite
the total number of properties offered in the apartment segment having increased
over the past few months.
In the private-home sector, owners actively use European Union funds and state support
where possible, changing or supplementing heating methods, installing solar panels,
pellet boilers and insulating buildings.
For more information about SIA “Latio” property valuation and sales services
in Valmiera, please contact Daiga Mihelsone, specialist in valuation business development for the Vidzeme region,
by calling +371 26520995, +371 67032300 or writing to
daiga.mihelsone@latio.lv, latio@latio.lv. We are also available via Instagram and Facebook.
Office address: 9 Rīgas Street, Valmiera.
Current listings: www.latio.lv
About Latio
Latio is Latvia's leading full-service company in the real estate sector, offering a wide range
of residential, office and retail premises, as well as industrial and commercial properties and land plots
in Latvia and the Baltic region. Founded in 1991, the company currently employs more than
100 real estate professionals in 13 offices in 9 Latvian cities. During its operations, “Latio”
has completed more than 20,000 real estate transactions and valued more than 80,000
properties. The company has a database containing 5,000 diverse real estate listings
in Latvia.
Latio is a member of several international associations—TEGoVA and FIABCI—as well as an
associate member of LĪVA (the Latvian Association of Property Valuers) and LANĪDA (the Latvian Association of Real Estate Transactions).
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