Latvia’s real estate market is officially being expanded with the opening of a new residential complex, Panorama Residence. The SIA Rossel company has concluded an agreement with the exclusive real estate company Baltic Sotheby’s International Realty for this reason. Concluded late in August, the agreement gives Baltic Sotheby’s International Realty the right to organise the […]
Baltic Sotheby’s International Realty opened a new office at Jomas Street 92 in Jūrmala on September 2. “We have been present in Jūrmala for four seasons,” says Baltic Sotheby’s International Realty board member Ilze Mazurenko. “During that time, we’ve earned the trust of local residents, with dozens of owners of private homes and flats in […]
Global experience in the re-planning of industrial territories was first utilised successfully in Rīga 15 or 20 years ago, when people came to the conclusion that abandoned industrial objects were truly an outstanding place for investments. Today such objects house museums, art galleries, as well as multifunctional complexes of entertainment centres, homes and offices. One […]
There is a shortage of luxury flats that are offered for rental in the quiet city centre of Rīga and in Old Rīga, so potential renters are forced to think about an alternative – flats in new buildings outside of the city centre. In Jūrmala, in turn, there is great demand that is in part […]
Foreign citizens are still having active interest in buying real estate in Latvia and one of the contributing factors is the possibility to obtain temporary residence permit (TRP). According to projections by Latvian experts, by the end of the year the number of deals for the purpose of obtaining TRP in Latvia will exceed 3000, […]
The last deal – Dursupe Estate in Talsi Region – was registered with the Land Register last year. Experts atBaltic Sotheby’s International Realty believe these products are and always will be piece goods. They are rarely used as a speculation object and intended only for those with a certain lifestyle. Therefore, the future demand for them […]
“Property worth up to 200 thousand Euros accounted for the majority or 34% of all deals”, says Vestards Rozenbergs, Chairman of Board of Baltic Sotheby’s International Realty. “17% – living space worth 200–300 thousand Euros, 8% – worth 350–500 thousand and 500-700 thousand Euros each.” The majority of buyers are foreign citizens. However, an upward trend in […]
However, the steady foreign demand for Latvian real estate may be harmed by the specifics of behaviour of luxury real estate owners rather than political collisions. As shown by results of the study conducted by the Latvian Fund for the Development of Competitiveness* in association with companies Baltic Sotheby’s International Realty, Real Estate Jurmala, and NIRA Fonds. […]
A mansion in Riga or its region or a plot of land for construction of a private house in a picturesque place in Latvia – that is what the absolute majority or 81% of our population wants. Men would prefer building a house of their dreams in the countryside, while women would gladly buy a villa […]
Baltic Sotheby’s International Realty specializing in premium real estate marks the first anniversary of its presence in Tallinn. The impressive portfolio of objects worth 110,000 to 6,900,000 euro and the steady demand for real estate in Estonia by foreign buyers matches the chosen strategy, which is to give clients the access to services of the international premium […]
In the first five months of 2012 the number of premium-class real estate offers in Riga worth up to 250,000 euros fell considerably, only one new project was put into service. Deficiency was caused by the high level of activity of foreign buyers, thus by the end of the year a price increase by 10% […]
The possibility of receiving a temporary residence permit (TRP) in exchange for buying real estate in Latvia has aroused the interest for premium-class objects among third country residents. However, the criteria prioritised by foreign buyers are highly selective and very dissimilar. For some this is a recreational option, for others a source of potential profit. […]