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ID number:664514
Published: 29.09.2007.
Language: English
Level: College/University
Literature: 9 units
References: Not used
Time period viewed: 2005.g. - 2007.g.
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


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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