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Saturday 24.02.2018 | Name days: Diāna, Dina, Dins
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25 million lats invested in Latvian real estate in exchange for residence permits

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RUUntil April 15, 2011, residence permits were issued to 532 foreigners, including 355 – in exchange for real estate investments.

According the Office of Citizenship and Migration Affairs (OCMA) public relations head Andrejs Rjabcevs, nearly 25.85 million lats have been invested in real estate, while slightly more than half a million lats in capital companies and 13.5 million lats in banks subordinated capital, reports Db.lv.

Latvian real estate market is currently very attractive for Russian investors, the Russian property holding company MIEL Board of Directors Chairman Grigory Kulikov confirmed at the annual international real estate conference.

This holding company plans to complete a housing project in Saulkrasti in a few months.

Then more active promotion of the project will be launched, including on the Russian market with the focus on Moscow region. The residential complex Sun.Republic consists of 7 buildings with a total of 123 apartments (of 31 – 147 m2). Two of the seven buildings will be fully equipped and furnished, with apartments intended for rent in summer. Buyers are offered 1 – 3 room apartments with prices ranging from 83 – 595 thousand euro, according to the information given on the company’s website, under the section «Real estate abroad».

Moreover,  the houses are located in 150 m distance from the coast and their inhabitants are promised their own beach.


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