Property Investor information: Latvia
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Property Investor information for: Latvia
Latvia has been described as "the small, flat and largely boggy meat in the sandwich between its Baltic neighbours ." This fails to do justice to this small but attraction packed little nation. Riga, the capital, is a vibrant coastal capital and the countryside has many photogenic castles, music festivals and scenic river valleys.
Latvians are as keen on reinvigoration and nation-building as any newly independent nation. Visitors can witness first-hand the rapid transformation of a country that has only recently crept from under the doormat of history. Latvia is one of those 'check it out before it's chockas' places. This may be true for property investors as well as tourists.
In Riga, property investment in some areas rose by around 40%. This has been fueled by strong economic growth and EU entry. Most properties in the historic capital are renovations and there is a limited stock of such buildings. All this suggests that the rises seen in Latvia's investment property market over recent years are set to continue.
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