Latvia Now One of Hottest Investments in Europe
10 December 2011
Latvia is currently shaping up as one of the best investments in European emerging markets, if a little too late to be the early bird.
Throughout 2009 Latvia hugged the bottom of indices with prices down up to and over 50% as we entered 2010. Now though, the Latvian property market looks to have bottomed, as prices are back on an upward cycle.
According to the latest data from the Global Property Guide Latvian property prices grew 13.31% in the year ending the third quarter, making it the third best performing property market in the world, although that isn't saying much.
After falling so hard and having been reasonable to start with, Latvian property prices now look greatly undervalued, especially given the opportunities presented by the fact that it is still outside the Euro and using its own currency.