Property in Latvia

Latvia and Russia are connected economically, politically and culturally. For example, Russians used to spend holidays in Latvian resorts. Property also attracts Russians because of its low prices, quiet life and absence of language barrier. Moreover, one can lay claim to residence permit after buying property for ?120 000 and more. You can purchase many types of Latvian property: an apartment in downtown of Riga (386) or a flat in a new building of Marupe (9) (capital’s suburb). Center of resort life in Latvia is the town of Jurmala (428). A great number of visitors increased property prices, but it’s quite profitable to let it. Apartments in Jurmala, especially small ones, are the most popular among tourists. The second largest city is Daugavpils (1), which is situated on the south of the country. It could be attractive to buyers who desire for urban life in Latvia, but do not want to overpay for housing. If price is the most significant to you, you should find a property there, because Riga is much more expensive.