On May 11, 2005 a real estate portal City24 was launched in Latvia; Back then City24 operated only in Latvia and Estonia; In 2008 City24 is available already in 8 countries – Lithuania, Ukraine, Poland, Russia, Croatia and Bulgaria have joined the team.
The main challenge for City24, when beginning the operation in 2005, was to implement paid service for placing advertisements. The Internet users in Latvia were used to everything being for free on the Internet. However, with active work, high-quality product and marketing City24 proved that it is reasonable for the clients to pay for the services on the Internet. Later on also other Internet companies followed our example.
Māris Ozoliņš, Member of the Board of City24, marks the implemented marketing as one of the main successes, which allowed fast ranking of www.city24.lv
among the most visited sites in Latvia and ensured the status of the most visited real estate portal in 2008 with 90,000 unique users a month on average (data of TNS Metrix on the first four months).
It is very interesting to see how the real estate market has developed during the last three years. In 2005 and 2006 a very sharp and high increase per percents could be observed. At the end of 2007 and in 2008, on the other hand, sweeping reduction in prices took place and the number of operations decreased even 5 times. It should be mentioned that the real estate market is stagnant not only in Latvia, but also in the whole Baltic States and Europe. However, it should be kept in mind that the main condition in real estate market is place, place and one more time place.
Annual nominees and winners in the third operation year of City24:
The most active company in housing market, 1st place – „Arco Real Estate” Ltd;
The most active company in housing market, 2nd place – „Inteso” Ltd;
The most active company in housing market, 3rd place – „InReal” Ltd;
The most active company in new project market – „Arco Real Estate” Ltd;
The most active broker – Gatis Vernavs „Rent In Riga”, Jānis Spriņģis „ERA nami”, Uldis Kleinovskis „InReal” Ltd;
The most responsive company – „Balsts” Ltd;
The most active media agency – „Adnet” Ltd;
The best finance partner – „SEB banka” JSC.
City24 Latvia is planning to offer the market in the near future a new solution that would allow detailed analyzing real estate market tendencies. With the new analysis tool of City24 it will be possible to see the price dynamics in particular sections and districts. It will allow the sellers to work more professionally, and the buyers to see the market tendencies and assess the value of their estate.
is a real estate portal where both individuals and companies place their topical estate for trade or rent. Currently there are more than 15,000 advertisements in our database. Technical solutions ensure very convenient use of the portal City24
and a possibility to search for the desirable estate in sections Flat, House, Land and Commercial.
The tool “Send request” is very convenient as well; it makes searching for the desirable estate easy, receiving the latest accordant offers of real estate directly in the e-mail.
have concluded agreements with more than 200 real estate companies, it has more than 12,800 registered users, and turnover in 2007 was 180,000 lats.
You are welcome to visit the specialized real estate portal www.city24.lv
– to buy, sell or rent flats, houses, lands or commercial areas.