Should I buy or rent a home in Latvia?
If you have not spent a lot of time in Latvia, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Latvia can be a great investment, as the country has a strong economy and a growing real estate market. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and maintenance fees. Renting a home in Latvia can be a more affordable option, as it does not require a large upfront investment. Additionally, renting can provide more flexibility, as it allows you to move more easily if your circumstances change. Ultimately, the decision to buy or rent a home in Latvia should be based on your individual needs and financial situation," remarked another expat who made the move to Latvia.
Other Questions:
- What should I pack when moving to Latvia?
- Where should I setup a bank account in Latvia?
- Will I be able to find a job in Latvia?
- What is life like in Latvia?
- What do expats in Latvia appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Latvia?
- Is there a lot of diversity? Are people in Latvia accepting of differences?
- What are the schools in Latvia like?
- What are healthcare services like in Latvia?
- What are medical services in Latvia like?
- Are healthcare and health insurance expensive in Latvia?
- What are emergency services like in Latvia?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Latvia?
- How are local medical facilities in Latvia?
- As a foreigner living in Latvia, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Latvia?
If you live in Latvia, newcomers to Latvia would love to hear your answer to this question.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
