Reigo Randmets, CEO of Reterra, said in an interview with Delfi Ärileht that the Riga real estate market offers significant growth potential for Reterra. According to him, there are more opportunities for development in Riga than in Estonia, and the bureaucracy is less cumbersome than in Tallinn, which creates better conditions for the effective implementation of projects.
According to Randmets, the Riga housing market is changing, and there is a growing appreciation for ready-to-move-in homes and modern urban spaces. He pointed out that the younger generation views housing options differently than in the past, values convenience, and is increasingly turning to sharing economy solutions.
Reterra is taking a long-term view of the Riga market. According to Reigo Randmets, there is both growing demand and an opportunity to create comprehensive and modern living environments that meet changing expectations. This supports Reterra’s strategy of operating in markets where it is possible to create high-quality added value and contribute to the development of urban spaces.
The article was published on 19 February 2025 in Delfi Ärileht.