Latvia has been described as "the small, flat and largely
boggy meat in the sandwich between its Baltic neighbours ." This fails to do
justice to this small but attraction packed little nation. Riga, the capital,
is a vibrant coastal capital and the countryside has many photogenic castles,
music festivals and scenic river valleys.
Latvians are as keen on reinvigoration and nation-building as any newly
independent nation. Visitors can witness first-hand the rapid transformation of
a country that has only recently crept from under the doormat of history.
Latvia is one of those 'check it out before it's chockas' places. This may be
true for property investors as well as tourists.
In Riga, property in some areas rose by around 40%. This has been fueled by
strong economic growth and EU entry. Most properties in the historic capital
are renovations and there is a limited stock of such buildings. All this
suggests that the rises seen in Latvia's property market over recent years are
set to continue.
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