It's not a dream to buy Latvian property for favourable prices. Latvia is a gem hidden away on the Eastern edge of Europe... You are in a few steps from buying property in Latvia.

Latvian properties for sale and rent

MyHomeLatvia.com specialises in real estate market in Latvia. Latvia, alongside all Baltic states, currently presents a terrific opportunity for a real estate investment as property inflation continues to rise at over 10% as a result of recent EU membership, its strategic location and thriving economy. Moreover, there are no restrictions upon foreigners who wish to buy or sell property in Latvia. We believe that Baltics currently represent an excellent opportunity for the Foreign Investor. In addition, there are specific aspects to the Latvian economy that make it a particularly attractive proposition. Below, we have compiled 10 reasons why you should consider such an investment:

1. Membership to the EU in May 2004 has fuelled an increase in European countries undertaking business in Latvia.

2. Gross domestic product (GDP) at constant prices increased by 7.4% in 2003. The Bank of Latvia maintains its former real GDP growth forecast for 2004 at 7.5%.

3. The Latvian currency, Lat, is pegged to the SDR currency basket (a unit composed of USD, EUR, GBP and JPY) and accordingly, is one of the most stable currencies in Europe. Current plans are to peg the Lat to the euro from the last day of 2005.

4. Property prices have been rising in Latvia over the past few years, the most significant increases being seen in the Capital, Riga, where some areas saw price rises of up to 40% last year.

5. Demand for furnished apartments is high. Expected monthly rental incomes are between $500-1200.

6. Interest rates have decreased significantly and are the lowest ever, starting at 4.5%

7. There are no restrictions upon foreigners wishing to buy and sell property in Latvia.

8. Latvia lies at the crossroads of East and West. Latvia’s modern transportation and communication links provide a safe and reliable bridge for trade with former Soviet Union and Nordic countries.

9. Latvia is largely untouched with historic buildings dating back to the days of the great trading in the Hanseatic League. In 2001 Old Riga celebrated its 800th birthday.

10. Latvia enjoys over 12,000 rivers and 3,000 lakes providing numerous opportunities for boating, walking or simply enjoying the outdoors.

Last properties

# 283			3 floors brick house in a beatiful place. Price: 82000 £     Place: Daugavpils Brief: HIGHLY RECOMMENDED Daugavpils region, malinovas pagasts (volost') 3 floors, brick houseGround floor:  veranda - 34,26 sq.m. bedroom - 16,16 sq.m.kitchen - 20 sq.m.corridor - 7,20 sq.m.total square - 76,82 sq... Published: Tue, July 04, 2006
# 290			Small house in Daugavpils Price: 30000 £     Place: Daugavpils Brief: total square 62,2 m wooden/brick house, constructed in 1917 but in generally good condition. The facing is of bricks, brick walls, internal facing is of wood, construction territory is 74,7 m, total square 62,2 m. Located... Published: Sun, August 13, 2006
# 289			Land and plot for Sale in Price: 150000 £     Place: Ventspils r. Brief: 3.25 ha plot 700m from Baltic sea and 4.75ha woodland beautifull country side 3.25ha plot 700m from Baltic sea and 4,25ha woodland-beautiful countryside , good facilities for tourism and building. Price: 150.00 Lats p/m plot near Baltic Sea (600 metres from the... Published: Thur, August 03, 2006

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