Why is it profitably to buy property in Latvia?

Foreigners, who wish to obtain a residence permit in Latvia, invested into the country’s real estate almost 380 million euro. The real estate market in Riga is the most popular among buyers, especially the pre-war apartment with the area ranging from 60 to 100 square meters. Renovated furnished apartments, which price category ranges from 150-220 thousand euro are the most preferable. Less popular is the housing that costs 220-300 thousand euro. Moreover, there is a demand for the commercial facilities, including old houses requiring reconstruction in the center of Riga. Shops and restaurants located in tourist locations also have a permanent popularity. Experts predict billion euro investments into the Latvia’s real estate in March 2013.