Overview of Latvia

On this page you will find links to details of Latvia holiday homes for sale and Latvia rental accommodation. As with the other Baltic states, property prices in Latvia have seen dramatic increases in the last few years, since gaining independence and joining the European Union, Latvia has seen a large growth in its economy. The population are well educated and business minded, there is a good local workforce and this is helping to attract big overseas manufacturing companies to some of the major Latvian towns and cities, it is also creating a need for more housing. Latvia boasts one of the largest GDP growth rates and yields on rental properties particularly in the capital city, at the present moment, these are very strong. The Republic of Latvia is a pretty little country that for over 50 years lay mostly unknown to the outside world mainly as a result of the soviet occupation. Located in the Northern Europe, the country is referred to as a Baltic State, it shares borders with Estonia in the North, Lithuania to the South and both Russia and Belarus to the east. Across the Baltic sea is Sweden. The capital city is Riga and perhaps like most other emerging property markets, it has been the focus of overseas investment, especially by second home owners, it also enjoys a flourishing buy to let market. Other important towns and cities in the country are; Daugavpils, Liepāja, Jelgava, Jūrmala, Ventspils, Valmiera, Ogre, Talsi & Ludza. This country is now opening up to foreign investment and holiday homes and second homes are being acquired by foreign investors. Before the soviet era, this part of Northern Europe was known as a dynamic country, it is very beautiful with over twelve thousand rivers and three thousand lakes, it is a flat country, marked by lowland plains and rolling hills. It has much to offer the holiday home owner with plenty of places of historical interest to visit. As mentioned above, the bulk of visitors are drawn to the capital city Riga, this city has certainly come to life again since the end of the soviet occupation and is a popular place to visit, it has much to offer in terms of nightlife, artistic movement, music and has an ever growing number of smart shops and restaurants, Riga is quickly re establishing itself as a major European capital city.