Latvian Real Estate Market: Trends and Prosp... / ID: 664514

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ID number:664514

Author: huanita (1)

Evaluation:

Published: 29.09.2007.

Language: English

Level: College/University

Literature: 9 units

References: Not used

Time period viewed: 2005.g. - 2007.g.

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Table of contents

Nr.	Chapter	Page.
	Introduction	3
1.	Real estate market: its main concepts and specific features	4
1.1	Definition	4
1.2.	Participants in the real estate market	5
1.3.	Latvian Real Estate market. Its tendencies	6
1.4.	Value and price	7
1.5.	Factors affecting on the real estate	8
2.	Latvia Real Estate market - why it is a great place to invest?	9
2.1.	Key Macroeconomic factors affecting Latvia Real Estate market	9
2.1.1.	Interest rates	9
2.1.2.	Buying Costs and Selling Costs as % of purchase price	9
2.1.3.	% Homeowners	9
2.1.4.	Financing/Refinancing	10
2.1.5.	Employment/Salary trend	11
2.1.6.	Taxes – What taxes will you come across when buy property in Latvia?	11
2.1.7.	Legal/Political situation	12
2.1.8.	Accessibility	13
3.	Flat market and its perspectives	14
3.1.	Flat price and income comparison	20
4.	Bibliography	23

Extract

Definition

Immovable property plays many-sided role in economics life – it acts as a naturally-spatial basis, on which takes place all the household activities.
By moving to market economics, immovable property is distinguished as an idependent object of economic relations, which we can see from the term itself.

Firstly, we must address to the definition of the real estate in order to understand its meaning and only then move to the more detailed theoretical description.

Real estate – is a land in a way of physical object and everything that is strongly interrelated with it.

Real estate – first of all is a part of a land surface and everything that is strongly interrelated, that this connection could not be interrupted.

Real estate - or immovable property is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings

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Latvian Real Estate Market: Trends and Prospects