News

Year
  • 05/05/2013

The last deal – Dursupe Estate in Talsi Region – was registered with the Land Register last year. Experts atBaltic Sotheby’s International Realty believe these products are and always will be piece goods. They are rarely used as a speculation object and intended only for those with a certain lifestyle. Therefore, the future demand for them […]

  • 05/05/2013
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  • 05/05/2013

“Property worth up to 200 thousand Euros accounted for the majority or 34% of all deals”, says Vestards Rozenbergs, Chairman of Board of Baltic Sotheby’s International Realty. “17% – living space worth 200–300 thousand Euros, 8% – worth 350–500 thousand and 500-700 thousand Euros each.” The majority of buyers are foreign citizens. However, an upward trend in […]

  • 05/05/2013
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  • 05/05/2013

However, the steady foreign demand for Latvian real estate may be harmed by the specifics of behaviour of luxury real estate owners rather than political collisions. As shown by results of the study conducted by the Latvian Fund for the Development of Competitiveness* in association with companies Baltic Sotheby’s International Realty, Real Estate Jurmala, and NIRA Fonds. […]

  • 05/05/2013
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  • 05/05/2012

A mansion in Riga or its region or a plot of land for construction of a private house in a picturesque place in Latvia – that is what the absolute majority or 81% of our population wants. Men would prefer building a house of their dreams in the countryside, while women would gladly buy a villa […]

  • 05/05/2012
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  • 05/05/2012

Baltic Sotheby’s International Realty specializing in premium real estate marks the first anniversary of its presence in Tallinn. The impressive portfolio of objects worth 110,000 to 6,900,000 euro and the steady demand for real estate in Estonia by foreign buyers matches the chosen strategy, which is to give clients the access to services of the international premium […]

  • 05/05/2012
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  • 05/05/2012

In the first five months of 2012 the number of premium-class real estate offers in Riga worth up to 250,000 euros fell considerably, only one new project was put into service. Deficiency was caused by the high level of activity of foreign buyers, thus by the end of the year a price increase by 10% […]

  • 05/05/2012
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  • 05/05/2012

The possibility of receiving a temporary residence permit (TRP) in exchange for buying real estate in Latvia has aroused the interest for premium-class objects among third country residents. However, the criteria prioritised by foreign buyers are highly selective and very dissimilar. For some this is a recreational option, for others a source of potential profit. […]

  • 05/05/2012
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  • 05/05/2012

To foreign companies, Latvia’s real estate market represents a slew increasingly unprofessional and chaotic offers from some local realtors. These are relatively new enterprises that want to earn quick money on the wave of foreign demand. To break the “better steer clear of Latvian companies” stereotype that has started to form with foreign players, on […]

  • 05/05/2012
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  • 05/05/2012

In May and June each year, premium real estate along the coastline of the Gulf of Riga traditionally enjoys great demand from potential buyers. This spring has seen demand increase 15% year-on-year. And, in the opinion of experts from Baltic Sotheby’s International Realty (a company operating with high-quality residential real property), foreign customers have started […]

  • 05/05/2012
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  • 05/05/2011

Baltic Sotheby’s International Realty together with internationally-known daily newspaper The Daily Telegraphpublish an article on The Edoles castle. The Daily Telegraph is published in United Kingdom and with a daily circulation of 634,000 is considered to be the largest newspaper in the country.

  • 05/05/2011
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  • 05/05/2011

Sotheby’s International Realty Affiliates LLC announced its luxury real estate services are available for the first time in Estonia with the opening of Baltic Sotheby’s International Realty in Tallinn. The firm is owned by Vestards Rozenbergs, Leonid Kil and Ilze Mazurenko, who opened their first office in Riga, Latvia, in March 2010, followed by the opening […]

  • 05/05/2011
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  • 05/05/2011

Baltic Sotheby’s International Realty operates in the segment of exceptional hi-end property, which this year has seen price stabilization and growth of demand. The interest in Latvian real estate by the citizens of CIS is increased by amandments to the Immigration law, which provides the possibility of obtaining Latvian temporary residence permit on the basis of […]

  • 05/05/2011
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