Real estate market in Latvia fell by half

08.06.2010 12:08
As statistics show that over the past five years in terms of price growth in the global real estate leaders Ryn Ukraine and Russia, and most turned out to be unprofitable real estate market in Latvia.

The cost of real estate in Ukraine has grown over the past five years at 137.9% and in Russia - by 137.52%. Real estate market experts believe that in the next three years the cost of real estate in Russia will increase, and the maximum growth may reach 25% to 60%. The top five "rising" of countries included as Belgium (67.5%), Slovenia (65.7%) and Lithuania (61.8%).

At the same time the most profitable for the past year, the crisis turned out to be investments in real estate in Norway, Finland and Sweden, where it increased in price by 12%, 8% and 6% respectively. The top five included Britain to get out of the pits after the fall of the real estate market in 2008, and Belgium. In these countries the growth of the real estate market during the year amounted to 3,5%.

And the most unprofitable countries over the last year for the real estate market, said Telegraf.lv proved Latvia (-51%), Estonia (-40%), Malta (-32%), Ukraine (-30.5%) and Lithuania (- 28,6%).
zagorodna.com
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