This is a small newly built studio apartment right in the centre of Riga. It is on the third floor (there is a lift) and has a small balcony.

This apartment needs a kitchen fitting which we can arrange for a special price of 1,650 Euros including tiling, cooker, fridge and washing machine.

The apartment could be furnished with the basics for a price of 1,600 Euros including TV.

There is a current valuation report carried out in December 2008 for the bank which values this apartment at 51,000 Euros (without kitchen!).

You can buy this apartment now for only :

46,950 Euros

unfortunately at this time it is virtually impossible for a foreign investor to secure a mortgage in Riga.. So this bargain is only suitable for cash buyers

There are many more similar and larger properties available for the cash investor.