Property experts project an Annual rate of return of :
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the return on your investment in one year:
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For further reading on "property market in Latvia" visit EMP Advisers website.
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Situated just across the river from the old town the will be a new bridge completed in 1 or 2 years time. This will dramatically change this area for the better. Development has 17 blocks 3 stories high, pond running beside. Will suite middle class Latvian people. Economically and politically stable. Just joined the euro in 2004 and high GDP (Gross Domestic Product) growth approx 6%, wages increasing 10% a year. No capital gains tax to be paid if you own property for more than one year. Good rent yields 6 to 12 % Completion Date is 2007 to 2008 released in blocks. We have experienced up to 700% return on invetment in 18 months!
