Riga
The largest and most cosmopolitan city in the Baltic
States, Latvia's capital Riga offers the liveliest night life,
along with beautiful architecture dating back to the 11th century.
It is also home to a wealth of churches and merchants' houses
in the idyllic Old Town. Property prices have been rising
continuously in the capital since 2000 and rocketed when
Latvia joined the EU in May 2004. More recently, a price fall
has been noted with prices falling 3.5% in June 2007 following a 1%
fall the preceding month. The fall has shocked the steady growth of
the property market although reductions in property prices were to
be expected. Properties in the city centre now start from £70,000
for a one bedroom, off-plan apartment.
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