Category: Latvia

Property in Latvia

Latvia: A Buyer’s Guide

There are no restrictions on foreign property investors buying land in Latvia provided all the correct procedures are followed. In fact, Latvia is currently encouraging foreign investment in the country making it a prime target for property investors. In particular, the off plan market has taken off in the past few years with many properties being snapped up by investors.

Although buying in Latvia is a fairly straightforward process, it is important to note that Latvia is a former Communist state and it suffers the same problem as other former Soviet states have in that land ownership is often hazy – check all land titles carefully before purchasing to ensure that the current ownership is legal.