Property in Latvia for sale

Latvia is the flagship of the Baltic real estate market. In addition to the developed infrastructure, sandy beaches of the Jurmala seaside, the advantage of the local housing market is the possibility of obtaining a residence permit with investments of more than 250,000 euros in accordance with the program in effect since mid-2010.

For Russians, there are no restrictions on buying real estate in Latvia, the procedure is simple and takes about one to two months. Mortgages are available here for Russian citizens, interest rates are 4-5% per year. But for the purchase of housing in order to obtain a residence permit, you cannot use credit funds, and payment must be made only by bank transfer.

The main directions for buying a home in Latvia among foreigners are $ {Riga} and $ {Jurmala}. Also in demand are real estate in Saulkrasti - a small resort on the shores of the Baltic Sea, Liepaja and Dauvgapils - the second largest city in the country.