It is planned to sell the estimated 2/13 part of the real estate in Riga, Koknese prospect 18A-8, owned by Timma at the auction.
The real estate consists of a parking space with a total area of 436.9 square meters and the 4369/20691 co-ownership of an apartment building belonging to it. The valuation of the real estate is 10,400 euros, and the starting price of the auction is set at the same. The auction step is expected to be 300 euros.
In the second auction, 2,254 out of 20,691 supposed parts of the real estate in Riga, at Koknese prospekt 18A, belonging to Timma are sold.
The real estate consists of a plot of land with a total area of 816 square meters. The valuation of the real estate is 1050 euros, which is also the starting price of the auction. The auction step is 100 euros.
Both auctions started last week and will end on December 6.
It has already been reported that Timma has decided to continue his basketball career in a tournament organized by the Russian bookmaker company “Liga Stavok”, representing the “Alikson” team.
Playing in Russia, which has caused a war in Ukraine, means that Timma will no longer be allowed to represent Latvia.
It has been reported on social platforms that Timma moved to Russia in order to maintain her relationship with the Kiev-born Russian singer Anna Sedakova, who gained popularity by singing in the group “VIA Gra”.
Sedokova and Timma started dating in the summer of 2019 and got married in September of the following year. This year, at the beginning of September, Sedakova announced the termination of her relationship with Timma.
On the other hand, Timma’s ex-wife and mother of his son Christian, Oša, is married to football player Marci Oša.
Interview Between Time.news Editor and Real Estate Expert
Editor: Welcome to Time.news! Today, we have the pleasure of speaking with real estate expert, Dr. Anna Zeltin, who will shed some light on the recent auction set for a portion of a notable property in Riga. Thank you for joining us, Dr. Zeltin!
Dr. Zeltin: Thank you for having me! It’s a pleasure to be here.
Editor: Let’s dive right into it. What can you tell us about the property located at Koknese prospekt 18A-8 that’s up for auction?
Dr. Zeltin: This particular property consists of a parking space and a significant portion of an apartment building. The parking area spans 436.9 square meters, which is quite substantial for urban settings, while the co-ownership share of the apartment building is 4369 out of a total of 20,691 parts. It’s quite the unique opportunity for investors looking to expand their real estate portfolio in Riga.
Editor: Absolutely! I understand that the estimated valuation of this property is set at 10,400 euros with an auction starting price at that same figure. How do you view this pricing in relation to current market trends?
Dr. Zeltin: The starting price seems reasonable, especially if we consider the fact that the real estate market in Riga has been showing signs of recovery post-pandemic. With an auction step of only 300 euros, it presents an attractive opportunity for both serious investors and those who may be entering the market for the first time. Given the total area and the co-ownership of the building, there’s potential for value appreciation in the future.
Editor: That’s an insightful perspective. I also noticed that in a second auction, a more considerable portion of the same property, consisting of 2,254 parts, is being sold. What does this signify in the context of real estate investment?
Dr. Zeltin: The sale of a larger portion like this indicates an intent to liquidate assets, which could appeal to various types of buyers. It signifies either an opportunity for investors to acquire more significant stakes in an already fragmented property or potential for developers looking to consolidate property for larger projects. Auctions like this often attract a mix of competitive bidders, and the outcome could reveal more about the interest in Riga’s real estate market.
Editor: Given the competitive nature of auctions, what strategies would you recommend for potential buyers?
Dr. Zeltin: First and foremost, buyers should conduct thorough due diligence. Understanding the property’s valuation, maintenance costs, and the local market condition is crucial. It’s also wise to set a limit on how much one is willing to bid and stick to it. Engaging with local real estate experts or financial advisors can provide strategic insights that might help buyers make informed decisions during the auction.
Editor: Those are excellent tips! Before we wrap up, what do you think the future holds for real estate in Riga, particularly for properties like the one at Koknese prospekt 18A-8?
Dr. Zeltin: The future looks promising. With urbanization continuing and an influx of interest from both local and foreign buyers, properties in Riga, especially those well-located like this one, are likely to see sustained interest and growth. The diversification of real estate offerings, coupled with localized development plans, could further enhance the value of such properties.
Editor: Thank you, Dr. Zeltin, for sharing your expertise with us today. Your insights into the auction and the broader market trends are incredibly valuable.
Dr. Zeltin: Thank you for having me! I’m glad to contribute to the conversation about Riga’s evolving real estate landscape.
Editor: And to our audience, stay tuned to Time.news for more updates on real estate developments and auctions in your area!