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Riga Property Services
What can we do for You?
* fit out your existing white or grey finish investment property
our aim being minimum cost enabling maximum rental
* refurbish your secondary market property
* buy land and build your new house
* find tenants and manage your investment properties to give
you the maximum return in these difficult times
* find you a low cost, high yield investment
we will make it simple easy and cost effective for you to:
Buying, Refurbishing, Managing & Selling ...we offer You a Complete Service
Selling using a Lease Option
This is a relatively new way to buy and sell in Riga. There have been variations used for many years for the purchase of land and business assets. Developers are now offering no deposit deals to sell apartments.
We have taken this a step further for the purchase of secondary market property.
We believe this may be the answer for investors who have bought apartments off plan and are now, because of the down turn in the property market not achieving the rental necessary to cover costs. You may not be able or may not wish to cash flow the property until more prosperous times.
Buying using a Lease Option No Deposit - No Mortgage No Hassle
Looking to rent an apartment?
Check out
You can buy a property at todays discounted price with no deposit and you don't need to secure a mortgage or any other form of credit for the period of the option which can be up to five years.
Helping You to Invest in Your Future
Re-emerging market?
Did Latvia progress so far economically since independance from soviet rule in 1991 to slip back a little now (along with the UK, USA, Eire etc) and never recover or will Latvia re-emerge as the world recovers from this economic setback? Of course we believe it will re-emerge too, there is still a long way for Latvia to go to reach a parr with other European countries. The only unknown is the time scale.
If the statistics are of interest, in 2008 the Latvian government has said Riga needs 30,000 more units of property to meet future demand. Most Rigans still live in overcrowded soviet style apartments. New units being completed in each of the last five years were as follows:
2004 - 2821, 2005 - 3812, 2006 - 5865,
2007 - 9369, 2008 (first half) - 3589, we predict less than half this number for the second half of 2008 and virtually nil for 2009! From mid 2007 to mid 2008 there have been 9,425 units completed, flooding the market in this period.
This oversupply has had a negative effect on the rental market. When it clears, as it will, we will see the opposite swing of the pendulem.
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Are you a UK property investor?
Which type of property is in high demand for BTL in the UK?
Think about it.....
of course it's the lower cost, first time buyer type of property that's also easier to let and offers higher returns overall
- it's no different in Latvia!
Please note that the information on this website is not regulated financial advice, which recommends any specific course of action.
Property values can of course decrease as well as increase. No express or implied income claims are made on this website. Riga Property Services HVS take all reasonable efforts to ensure the information published on this website and communicated elsewhere, written or verbal is accurate, current and complete in every respect at the date of publication or communication. However no warranties, guarantees or representations are made or implied as to it’s accuracy.
