Boom in a bubble? Latvia: opportunities in a two-speed property market
Boom in a bubble? Latvia: opportunities in a two-speed property market
30th March 2007
As recently as August 2006, Knight Frank published a list of the fastest rising global markets, writes Mark Beaumont.
With annual property inflation of no less than 45.3 per cent, Latvia easily topped the list - beating second-placed Bulgaria by more than 25 per cent.
A great place to invest?
Maybe...
Since Latvia joined the EU in 2004, the country has enjoyed double-digit GDP growth, rapidly increasing wages and rocketing property prices.
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