The property boom of Latvia
Yeah, Latvia and Bulgaria are still the ones to have higher property prices and market of real estate soaring up to the sky.
Many private houses and apartment blocks are yet to be built, besides the market of soviet times houses also keeps selling good. The prices on rent have gotten higher than a year before, and still you don’t hear someone complaining that it is too much.
Experts have given warnings that this property bubble will burst, if measures from government will not be taken, but people say it’s still a profitable business for many local millionaires, that’s is reason why this market is still hot – in other words, it’s not in land lords’ interest to chill it down..
The question is – when will the prices stop, and shall they also drop?..