Latvian real estate market promises a hot summer

13.05.2011 11:51
Articles about real estate | Latvian real estate market promises a hot summer In the Latvian real estate market the most active buyers of residential clients are from the CIS countries, such as Russia, Kazakhstan and Belarus, told journalists on Thursday co-owner real estate Baltic Sotheby's International Realty Vestard Rozenbergs.

"In the market of expensive real estate in this year there was a change of the course, and there is excitement. This summer, we expect an even greater increase in activity of foreign investors and interest in such property" - said Rozenbergs.

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Characterizing obscherynochnye trends Rozenbergs acknowledged that the recent Latvian real estate market came to life and one of the factors contributing to this are the amendments to the Immigration Act, providing for foreign investors the possibility of obtaining a residence permit in Latvia.

About market trends, he said that customers will continue to be interested in the possibility of buying housing in Latvia and obtaining residence here, as evidenced by reviews of previous customers and the increasing interest in this opportunity.

According to the representative Baltic Sotheby's International Realty, last year the company signed more than 30 transactions for sale and more than 50 - for rent in Riga, Riga district and Jurmala. In Riga, real estate price fluctuated between 1410-3246 Euros (991-2281 lats) per square meter, and in Jurmala - within the 2310-3569 euro (1623-2508 lats). And, mostly, it was the sale of apartments, not houses. In turn, rents in the housing market last year accounted for about 8 euros (5.62 LVL) per square meter per month.

Last year, the Bureau of Baltic Sotheby's International Realty opened first in Riga, and then in Jurmala. This year, the company plans to open an office in Tallinn, and the next - in Vilnius. Owners Baltic Sotheby's International Realty are also Ilze Mazurenko, Leonid Kil.

International Agency for real estate Sotheby's International Realty was founded in 1976.

www.zagorodna.com

Content tags: Overseas property
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