Kristīne Vizule, Real Estate Transaction Manager at Vestabalt
When choosing a place to live in Riga, buyers are increasingly considering not only the apartment itself, but also the neighbourhood in which it is located. A home is no longer just a place to return to at the end of the workday. It represents a lifestyle, a daily rhythm, and an environment that shapes our well-being. That is why people searching for a new apartment today are paying closer attention to the surroundings – how green the area is, what infrastructure it offers, whether there are schools, service centres, shopping areas, parks and cafés nearby, and how convenient mobility is, both by public and private transport.
For several years now, a clear trend has been observed in Riga’s real estate market: demand is increasingly concentrated in neighbourhoods that combine urban dynamism with a calmer, more human-friendly living environment. Buyers value areas with a distinct character, a historical atmosphere, and at the same time modern development. These are the neighbourhoods that are gradually becoming the most desirable places to live in the capital.
One of the most prominent examples is Āgenskalns. This Pārdaugava neighbourhood has long been considered one of the most attractive places to live in Riga. Its wooden architecture, parks, market, cultural life and small cafés create a unique atmosphere appreciated by young families, creative professionals and people who simply want to live in an environment with a strong identity. Āgenskalns offers the advantages of city life while maintaining a calm and human scale.
However, in recent years, growing attention in the real estate market has been directed towards another Pārdaugava neighbourhood – Torņakalns. It is often referred to as the “new Āgenskalns”, and there are several well-founded reasons for this comparison.
Historically, Torņakalns has always been an interesting part of Riga. Its proximity to the city centre, the Daugava River and Pārdaugava’s green areas makes it highly convenient for everyday living. From Torņakalns, the Old Town and the city’s business centre can be reached within just a few minutes, and public transport connections are both convenient and diverse. At the same time, the neighbourhood retains quieter streets, tree-lined avenues and a more peaceful pace of life than the city centre itself.
In recent years, the development of the University of Latvia Academic Centre has significantly increased the importance of Torņakalns. This modern study and research complex has introduced an entirely new dynamic to the area. It brings together students, researchers, the academic community and various innovation initiatives, gradually shaping a new urban development hub. As a result, the neighbourhood is becoming more vibrant, the range of services is expanding, and new infrastructure is taking shape.
Such changes inevitably influence the residential real estate market. Areas that attract education, business and innovation centres tend to see increased demand for housing nearby. People are increasingly looking to live in locations that offer both everyday convenience and long-term potential.
Torņakalns is currently in exactly such a stage of development. The neighbourhood preserves its historic Riga character, with tree-lined streets and quieter quarters, while at the same time gaining new momentum. New residential projects are emerging, infrastructure is being improved, and more people are beginning to recognise the area’s potential.
An important factor that determines a neighbourhood’s attractiveness is quality of life. In Torņakalns, it is possible to enjoy a calmer environment without giving up the advantages of the city. Parks and green spaces for walks, educational institutions and public transport are all close by. This makes the neighbourhood particularly appealing to families, young professionals and those who want to live near the centre while avoiding the noise of a large city.
Real estate buyers are also increasingly focusing on the future potential of a neighbourhood. Areas undergoing development and infrastructure improvements tend to become more valuable over time. For this reason, Torņakalns is currently one of the most interesting locations on Riga’s residential property map.
It is precisely in this promising Pārdaugava neighbourhood that the new residential project “Bordo Residences” is being developed at 9 Biešu Street. The project has been designed with a modern urban lifestyle in mind – offering well-thought-out apartment layouts, high-quality finishing materials and interior design that creates a harmonious and aesthetically refined living environment. Apartments of various sizes are available, from compact studios to spacious four-room homes suitable for families. The architecture blends organically into the Torņakalns environment, while the interiors place particular emphasis on colour harmony, material quality and thoughtfully designed details.
Living here allows residents to enjoy the advantages of Torņakalns – a peaceful neighbourhood atmosphere and green surroundings combined with excellent access to Riga’s city centre. Nearby are the University of Latvia Academic Centre, public transport options, and a wide range of educational and service institutions, ensuring convenient and comfortable everyday living.
Riga’s neighbourhoods continue to develop, each with its own story. Āgenskalns has long proven its appeal, while Torņakalns is currently experiencing its moment of growth. This is why more and more people are turning their attention to this area, looking for a home that combines urban dynamism, historical character and future potential.
Today, Torņakalns is becoming one of the most attractive choices for those who want to live in Riga – a place where city life and a peaceful neighbourhood atmosphere meet in harmonious balance. And it is in this very environment that the new project “Bordo Residences” is taking shape, offering the opportunity to become part of this growing and promising area of Riga.
