IVESTMENTS

The interest to Latvia is growing among the foreign businessmen. Firstly, it is due to the fast-growing Latvian economics. Latvia has good services, transportation network and logistics. There is a well-developed banking system, stable political and monetary conditions, and a favourable taxation regime. Inflation these days is running a bit bellow 7 % percent per year. The standart of living also increased. Certainly that being a member of such Unions as European Union and NATO also gives some guarantees. One of the field of economics where foreign invetsors invest their money is real estate or building industry which is prospering and became profitable and stable business nowadays as there is lack of apartment in Latvia (especially in Riga, capital of Latvia) and a high demand on them. The demand on apartments and land grew higher year to year, accordingly the prices become higher too. Since 1998 residential property prices rose by 300% on average, land prices by 150-250%, and commercial property prices by 70-120%. Economists belive that this price growth will least for some 10-15 years. Economists suggest that the prices on apartments during this year will probably grow on 2 to 5 percent each month, that is a little bit less then during the previous year when prices grew about 9-13 percent per month. It means that if you will invest money to the real estate in Latvia, you will be able to sell it in few years with the profit.

Operations with Real Estate and Property Management.

Real Estate Agency "Apartments-Riga" has been working in the field of real estate since 2003. Our company offers the help in purchase/sale of real eastate and property management. We will help you to buy the apartment that will suits the best to your budget and will help you to lease it. Our services are used as by the local people (residence of Latvia) as well as by foreigners (residence of other countries such as USA, UK, France, Italy, Spain and etc.)

Our services include the following things:

1. Providing the help in purchase/sale of apartment, house or land in Latvia.

a. We will find the property that will suits your budget the best.
b. We will help in the estimation of the property.
c. We will provide you with the legal support (organization of notary, translation works, consultations about the mortgages, registration in the Land book and etc.)

2. Property Management

a. Help in letting your apartment (as the short-time renting as well as long-time renting)
b. Organization of construction and repair works.
c. Organization of accountancy services (settlement of payments, including taxes, utilities, issuing invoice to the clients and etc.)
d. Legal support (help with the lease/rent agreement and etc.)
e. Managing your apartment (we will play the role of "key-holder", finding the customers, organization of cleaning service and etc.)