The Key to Successfully Investing in Investment Real Estate in

The Key to Successfully Investing in Investment Real Estate in Latvia

With annual real estate price gains in the region of 40% achievable from certain areas of the Latvian property market, surely the key to successfully investing in real estate in Latvia is just getting into the market right now and enjoying the record price increases?

Well no actually!

While property price gains of 40% in parts of Latvias capital city of Riga have been recorded and have resulted in a surge of overseas investor interest in this new European Union member state, the key to long term success is in understanding the local Latvian economy.

Although Latvia is an attractive, interesting and historic country of diverse geography which creates a stunning natural environment for tourists to explore, it is not a tourism hotspot and not a country trying to target tourism. Rather it is a country with a government committed to transforming its economy from the one paying the lowest wages in Europe to the one attracting the largest amounts of foreign direct investment in the European Union.

The success or otherwise of the Latvian governments commitment to improving levels...