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Latio: real estate investments in Latvia to surge over next few years
Nina Kolyako, BC, Riga, 25.01.2012.
Print version
Print versionIn the coming years, Latvia will witness a rather strong surge in real-estate investments that will not be related to any banks. These investors will assess their risks and decide that Latvia will be the place for their investments, the board chairman of the real estate company Latio, Edgars Sins, said in an interview with the business information portal Nozare.lv.
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"At the moment, the situation on the Latvian market is the worst among all Baltic states, both in terms of prices and office and storehouse occupancy. However, we will surprise our neighbors in two to three years," explained Sins, writes LETA.
Sins confirmed that the Latvian real estate market will grow rapidly again, whilst Lithuanian and Estonian markets will continue to develop moderately.
"I believe that the surge will be felt next year, specific results – a year later – in 2014. Our construction companies will have increasingly more work this year," predicted Sins.
The investments could be expected in various infrastructure objects.
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