Riga has outgrown it's affordability for the moment and prices, especially in Old Town are dropping slightly, nothing to panic about but there is a definite slowdown in the larket accompanied by the expected levelling off of prices.
I believe that elsewhere in the country there are some great opportunities. I am part owner of 300ha near Dobele. We are only a few months way now from getting the land re-zoned to allow for a golf course and hotel development along with some very exclusive housing plots. We have been working on this project for nearly three years and there is light at the end of the tunnel!
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