News

European Best Destination 2015 - Riga included in Top 5

20 selected destinations competed for the prestigious title of Best European Destination 2015. After a three weeks’ period of online voting, Bordeaux is elected the Best European Destination 2015 and won this prestigious title. #

Lisbon, Athens, Valetta, Riga, Zagreb, Ljubljana, Innsbruck, Milan, Brussels, Vienna, Rome, Barcelone, Istanbul and Madrid are the next best destinations for a holiday or city-trip in 2015.

The country's doors should not be closed to one of the most controlled group of people

It is time to analyze the strengths and weaknesses of the program of residence permit carefully and rationally in order to improve it rather than eliminate, said Valdis Birkavs, the chairman of Strategic Construction Development Partnership. #

The residence permit program gave an impetus to many spheres, and the number of construction companies began to approach pre-crisis levels. The positive impact of the residence permit program is also confirmed by the data on the volume of construction. "We must remember that 34% of the construction money turnover is spent on the workers' wages who thus support their families," emphasizes Birkavs.

Notaries will provide free consultations on the risks of real estate transactions in Latvia

During Notary Days one can get a free consultataion regarding real estate issues in 112 notary offices in 29 cities of Latvia. #

In order to provide information and to explain possible risks related to real estate transactions, as well as to offer assistance toeach resident of Latvia in a variety of legal issues, on 4 and 5 March, during the annual Notary Day, sworn notaries will provide free legal advice in various Latvian cities.

Income growth reported to be the main motive for buying a home

Two-thirds (62%) of the residents of Latvia who would like to buy real estate note that improvements in their personal finances is the main motive for buying their own real estate, according to a survey conducted by the Ektornet real estate company and the TNS research agency. #

The survey results show that the next most important factors that influence the desire to own a home are starting a family (22%) or a new addition in the family (18%). Other motives for purchasing real estate are the belief that it is an investment (18%) and the conviction that paying for a mortgage is better than paying rent (12%). At the same time, the motivating factor least reported by the respondents is the desire to move closer to town (1%).